Industry News, Press Releases
HPI Free valuation

hpi® puts diesel consumers’ minds at ease with free future valuations

Leading vehicle data service, hpi®, is offering diesel users peace of mind with the launch of its latest online valuations tool.

hpi® will now display future valuations for vehicle valuations completed online at hpivaluations.com making it easier than ever before to track the future values of any vehicle.

The new free to use future valuations service is in direct response to increasing negativity and bad publicity surrounding diesel vehicles and usage. Pressure is mounting on the government to introduce measures to remove the most polluting vans, taxis and cars from the roads, leaving owners of diesel vehicles concerned about the future values of their vehicles.

This is the first time car buyers and sellers have been presented with free future vehicle valuations. The service will be freely available for two months to help calm the fears of diesel vehicle owners. For cars under five years old future valuations up to five years in the future are provided.

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Industry News
New child seat rules

Child car seat rules explained

You won’t carry a more precious cargo in your car than your children, so it’s great that there’s a huge range of excellent products on the market to help you transport them safely. However, from 1 March 2017 the rules changed and it’s left a lot of parents feeling very confused. Indeed, according to a recent survey by confused.com, just 13% of parents claim to understand the new legislation.

Much of that confusion hinges on the fact that from 1 March, backless booster seats (also known as booster cushions) can’t be sold for smaller children, and many parents are assuming that from this date their old seats can’t be used. However, the new law states that parents won’t be forced to replace old seats; it’s just that selling backless booster seats for smaller children became illegal. As a result, ‘high-back boosters’ are now the only option if your child weighs under 22kg, is shorter than 125cm and needs a new car seat.

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Industry News
new road tax rules 2017

New road tax rules explained

The UK government has a problem. Its income from vehicle excise duty (VED, or road tax) and fuel taxes has plummeted in recent years thanks to increasingly efficient cars; it’s reckoned around a quarter of new cars pay no road tax at all. As a result, the current CO2-based system is set to be overhauled from 1 April 2017 in a bid to increase revenue from drivers.

The current system sees car owners paying more VED the more CO2 their car emits. Under the new regime only pure-electric cars with tailpipe CO2 emissions of 0g/km will be exempt; all other cars will pay a flat fee of £140. However, to bump up its income further, the government is also imposing an extra annual charge of £310 on any car costing over £40,000. This is for the first five years only though; it’s to stop older, thirstier cars from quickly becoming worthless, because of the high cost of taxing them.

If you buy a car with a list price of £40,000 you’ll have to pay that £310 annual supplement (for the first five years), even if it’s an electric car such as a Tesla. This list price includes any optional extras you specify, so just a few hundreds pounds worth of options could end up costing you an extra £1550 over the next five years. Incidentally, the list price doesn’t include any on-the-road charges such as number plates, fuel, delivery charges or a new car registration fee. Also, even if you negotiate a big discount it’ll make no difference; the bill you pay is based on the list price, not the transaction price.

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Press Releases
students driving

HPI helps put students in driving seat as they head off to university

As record numbers of students are offered university places for 2016, vehicle history check expert, HPI, is urging students who might be getting their first car to be thorough when doing their homework.

Philip Nothard, consumer and retail specialist at HPI said: “For students who are embarking on an exciting new life in a new city, owning a new or used car can be a real lifeline so it’s important to pick something that’s right, if a car is part of the plan. Many students will be owning their car for the first time so it’s key to remember that September is a great month to bag a bargain in the car calendar with some great finance deals available on new cars and large numbers of nearly new vehicles available in the market.”

Record low interests, coupled with manufacturer discounts on certain models, mean a new car has never looked more attractive.  Financial considerations are important as there are running costs to think about as well as the living costs associated with being away from home for the first time with small city cars an ideal first choice as they are economical, not too flash and great for getting around in.

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Press Releases
car recall

Car buyers warned to be aware of their rights and check if a vehicle is subject to a manufacturer recall

HPI Safety Recall Check offers consumer peace of mind against buying faulty cars.

Vehicle history check provider, HPI, is urging car buyers to be aware of their rights and remember to check if the vehicle they want to buy is subject to a manufacturer recall.

The warning comes as figures reveal that over six million vehicles have had recalls issued against them in the UK and been returned to dealers since the start of 2011, affecting manufacturers including Toyota, Honda, Vauxhall, BMW, and Fiat.

Fernando Garcia consumer director at HPI, said: “The problem of recalls just doesn’t seem to be going away. What the high figures demonstrate is just how commonplace recalls are now.”

The number of vehicle recalls rose dramatically in 2014/15 to a total of 39, a 30% increase from the 30 recalled in 2013/14, and with many on a major international scale.

The scandal over General Motors’ failure to promptly recall cars with a potentially faulty ignition switch in the US last year may have prompted other manufacturers to recall more quickly and frequently after identifying any likely faults or problems. Read more

Industry News
supercar

cap hpi reveals the 10 sports cars with the lowest Total cost of ownership

When it comes to speed and style, slipping behind the wheel of a sports car is hard to beat. The latest analysis from cap hpi looks at the total cost of ownership (TCO) to reveal the 10 sports cars with the lowest motoring costs over the first 3 years. Once all the servicing, fuel and other motoring costs are taken into account, which cars perform the best?

The Audi TT Coupe 1.8FSI sports 2DR has the lowest total cost of ownership, starting from £17,184.21, followed by the Toyota GT86 Coupe at £17,504 and the Subaru BRZ Coupe at £18,136.

Audi TT Coupe also has the lowest monthly running cost of £477.34, helping it secure the lowest TCO. Once again the Toyota GT86 and Subaru BRZ take second and third, respectively on monthly running costs. Read more

Industry News
car recall

4 out of 5 used car buyers don’t ask if the car they are about to buy is a manufacturer recall

HPI Safety Recall Check protects consumers against buying a car with a fault or default

In recent months, nearly 4 million vehicles worldwide have been recalled, with both Nissan and Vauxhall recalling faulty models; in 2015, car manufacturers issued more recalls than ever before*.  However, a new survey from vehicle history check provider, HPI, reveals that 83% of respondents admitted it hadn’t occurred to them to ask the seller of the vehicle they now own, if the manufacturer had issued a recall notice against it.

“With one in 10 unrepaired recalled vehicles still on the UK’s roads, and trading in the used car arena, safety must be paramount for buyers looking to invest in their next set of wheels,” explains Phillip Nothard, cap hpi consumer and retail editor.   “However, the good news is manufacturers offer an unlimited time for repairs, meaning second and third owners can still get a recalled vehicle fixed free of charge.”  Read more

Industry News

East Anglia revealed as the UK’s ‘stolen for sale’ car crime hot spot

HPI urges used car buyers to protect themselves from losing the car and the money they paid for it

hpicheck.com

Nearly 15,000 stolen cars being offered for sale were uncovered by vehicle history check expert, HPI, in 2015.  The latest figures from HPI reveal that East Anglia and London were the two regions where the greatest number of stolen cars were discovered by buyers who conducted an HPI Check®.  Scotland, North East England and Northern Ireland are where the least stolen cars were offered for sale.

Within East Anglia, Norfolk and Suffolk harboured the most stolen vehicles for sale, with South West London and Middlesex, being London’s hotspots.  Cambridge and Essex, both in East Anglia, also showed a higher propensity of stolen vehicles for sale than other areas across the UK.  Interestingly, Cambridge did not appear as an area of concern in 2014, but replaces Avon in HPI’s 2015 analysis.

“Consumers simply do not realise that if they unwittingly buy a stolen car that is later proven to be recorded as stolen with the police, they stand to lose both the car and their money,” says Philip Nothard, cap hpi consumer and retail editor.  “Once a vehicle is revealed as stolen, it will be returned to its rightful owner, whether that’s the previous owner or the insurance company that paid out a claim on it, leaving the victim with no car and, potentially, thousands of pounds out of pocket.”

HPI’s analysis of 76 areas across the UK (where the majority of vehicle history checks were conducted in 2015*) reports that Derbyshire, Leicestershire, Nottinghamshire, Midlands, Tyne & Wear, Belfast, Wiltshire and Devon had the least number of stolen cars advertised for sale.

To help buyers radically reduce the risk of falling foul of car thieves, HPI offers four simple, but highly effective rules consumers should apply when buying privately.

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Industry News
used car sale

Cheapest UK regions to buy a used car revealed

Big price variations for used vehicles across the UK are revealed in a new study from automotive data experts, cap hpi. The study shows that buyers could save over £1,600 on an Audi A1 by purchasing the vehicle in Nottingham rather than London.

Commenting on the results, Philip Nothard, retail specialist at cap hpi said: “Many factors affect the pricing of a used car from the numbers available in the market to demand in the local area. Where demand outstrips supply, we see price increases.

“There are a myriad of factors that mean different vehicles are cheaper in various parts of the country. The size of some of the variations is striking and it shows that it pays to do your homework before making a purchase.” Read more