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Looking for a Vehicle Valuation or HPI Check?

Looking for a Vehicle Valuation or HPI Check?

Petrol hybrid cars show greatest forecourt resilience

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New research by automotive data experts, cap hpi, shows that petrol hybrid vehicles offer the strongest forecourt resilience of any fuel type. 

The gap for petrol hybrid vehicles between the price advertised and sale price achieved is only -2.8%, which compares favourably to an average of -5% and -5.25% for electric vehicles. 

The average gap between advertised value and sale price is £376 for petrol hybrid vehicles. The figure rises to £890 for diesel hybrids. Petrol vehicles outperform diesel, with a drop of £430 against £609, respectively. 

Commenting on the findings Philip Nothard, retail and consumer specialist at cap hpi said: “It is clear there is strong demand for petrol hybrid vehicles in the used market. Lower volumes and good fuel efficiency make an attractive package for the used buyer.” 

Volumes of petrol hybrid vehicles remain low, accounting for 58,846 of the 2,136,155 new cars registered to date in 2016. 

Nothard said: “In a tightening market it is important to make the right stocking decisions. Having the right information can help retailers react quickly to the local market with stocking and pricing decisions. It is important to use the most up to date and accurate data.” 

 

Derren Martin

Derren manages the valuation process for current used car values at cap hpi, which includes managing a team of 6 Car Valuations Editors who analyse around 170,000 individual sold trade records each month from a wide variety of industry sources, plus 700,000 retail adverts that are reviewed daily. Derren and the team also engage in market insight discussions with various auctions, leasing and rental and remarketing companies and vehicle manufacturers throughout the month as well as offering consultancy on the new and used car market. 07436 817 383 Derren.Martin@cap-hpi.com



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