April sees a dip in average car values: cap hpi [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
The fall follows an overall rise in values of 0.5% over the first quarter of the year and reflects a gentle softening in demand and an increase in supply. Since Cap Live was introduced, the average monthly movement over the last 12 years was a 1.2% drop. Data analysis shows the trade and retail markets in the run-up to Easter were healthy, with a slight dip after the Bank Holiday weekend. The dip was in line with what typically happens at this time of year. Commenting on the market, Derren Martin, director of valuations at cap hpi , said: “The market feels healthy, but several retailers have expressed that demand is slightly below where they had hoped and budgeted for, after a robust first quarter. “Petrol-engine vehicles have continued to be the flavour of the month, with dealers comfortable that they will sell these quicker than other fuel types. Interestingly, BEVs and diesel-engine cars have been the slowest to sell, making dealers wary about overstocking.” Values at the
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