Values of used cars dipped in April as high numbers of March plate-change trade-ins hit the market.<\/p>\n
In the first two weeks of the month, for 3yr\/60,000 mile vehicles, values fell -2.6% in the City Car and SUV segments. Most other segments saw falls of between -1.6% and -1.8%.<\/p>\n
Conversely, Convertibles, Coupe Cabriolets, Luxury Executive and Supercars saw rises of between +0.1% and +0.7%.<\/p>\n
\u201cFor most mainstream cars the increase in supply, coupled with a reduction in demand has begun to undermine the unusually robust market that has characterised the past year,\u201d said CAP.<\/p>\n
Cap said its April Black Book monthly print publication was \u201crapidly overtaken\u201d by the market and that the May edition will see values taking a bigger hit than a year ago.<\/p>\n
CAP said the announcement of a book drop in May highlights the difference between digital live market value reporting such as Black Book Live and the monthly print price guide Black Book.<\/p>\n
CAP\u2019s strategy is to move from pint to digital. A year ago CAP CEO Ian Rendle said digital accounted for 94% of its business and that the monthly Black Book guide had four to five years left.<\/p>\n","protected":false},"excerpt":{"rendered":"