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Following our acquisition of Derwent Management Services in 2014, cap hpi Ludlow (Derwent) data has been used to populate our SMR product since October 2014, but there have been no technical changes to any of our data files or services.
As we expected, the new data represented a considerable improvement in terms of vehicle coverage compared to our previous external supplier, with more than 4,200 additional cars and LCVs being valued at implementation. Overall Car coverage is 97%, with many of the vehicles valued in gold book for the first time also included in the SMR data.
The new budgets are based on our market leading Burn Rate data and incorporate the latest probability distributions for all elements, based on real world costs. In our opinion, it reflects a much more realistic representation of the likely future SMR expenditure than we were able to display in the past.
For any further detailed questions, please e-mail smr@cap-hpi.com and we will respond as a matter of urgency.
New Ranges
Vehicles from the following new ranges have been included in SMR product for the first time in August publication:
Range |
BMW 8 SERIES COUPE 2018 |
BMW 8 SERIES DIESEL COUPE 2018 |
BMW X5 DIESEL ESTATE 2018 |
BMW X5 ESTATE 2018 |
CITROEN C3 AIRCROSS SPECIAL EDITION 2018 |
CITROEN SPACE TOURER ESTATE SPECIAL EDITIONS 2018 |
HONDA CIVIC DIESEL SALOON 2018 |
HONDA CIVIC SALOON 2018 |
HYUNDAI KONA DIESEL HATCHBACK 2018 |
HYUNDAI TUCSON DIESEL ESTATE 2018 |
HYUNDAI TUCSON ESTATE 2018 |
KIA CEED DIESEL HATCHBACK 2018 |
KIA CEED DIESEL SPORTSWAGON 2018 |
KIA CEED HATCHBACK 2018 |
KIA CEED HATCHBACK SPECIAL EDITIONS 2018 |
KIA CEED SPORTSWAGON 2018 |
KIA SPORTAGE DIESEL ESTATE 2018 |
KIA SPORTAGE ESTATE 2018 |
KIA SPORTAGE ESTATE SPECIAL EDITION 2018 |
LAND ROVER RANGE ROVER SV COUPE SPECIAL EDITIONS 2018 |
MAZDA CX-3 DIESEL HATCHBACK 2018 |
MAZDA CX-3 HATCHBACK 2018 |
MITSUBISHI OUTLANDER ESTATE 2018 |
SKODA FABIA ESTATE 2018 |
SKODA FABIA HATCHBACK 2018 |
Budget Changes
The overall average budget change at 36/60 is £-28.
The following models see the largest changes (more than +/- 20%). Note the Jeep Compass changes are unusually large due to a combination of factors, especially for one derivative which had a substantial service content change.
CAPID |
DESCRIPTION |
APPROX CHANGE |
REASON |
81524 |
Skoda Kodiaq 1.4 TSI 150 Scout 4x4 5dr [7 Seat] |
21.2% |
Wear rate updates |
83924 |
Mazda 6 2.2d Sport Nav+ 4dr |
22.3% |
Wear rate updates |
84744 |
Hyundai I800 2.5 CRDi [170] SE 5dr Auto |
-22.7% |
Wear rate updates |
84745 |
Hyundai I800 2.5 CRDi [170] SE Nav 5dr Auto |
-22.7% |
Wear rate updates |
VAT
VAT is excluded from all calculations.
Service Intervals
All calculations are based upon the service intervals recommended by the manufacturer.
The following factors must be taken into account when setting maintenance budgets
All values are standard average discounted rate by Manufacturer.
Data includes 2nd & 3rd year warranty only covered exclusively by the Manufacturer.
No manufacturer goodwill payments are included in the data.
All costs are original parts price (manufacturers/franchise dealers).
Vehicle usage is set at medium and assumes on road use only.
Replacement tyres are assumed to be premium brand.
Mortality rates are average for standard use.
Where data is unavailable then certain assumptive aspects of data will be used based on available information for existing models sharing common features.
In cases where no data is available and there are no common equivalents then either an assumptive figure based on the best available information will be used or alternatively no data will be issued.
The following elements are excluded from cap hpi gold book SMR
Additional warranty costs
Relief vehicles
Accident management costs
Road fund license
Insurance costs
Costs of finance
Fuel
UK Senior Editor Forecast Car Values
+44 (0) 113 222 2067
andrew.mee@cap-hpi.com