Cap Extra User | cap hpi

Derren Martin

Position: Black Book Senior Editor

Number: 07436 817 383

"Derren manages the valuation process for current used car values at CAP, which includes managing a team of 7 Black Book Editors who analyse around 120,000 individual sold trade records each month from a wide variety of industry sources. Derren & the team also engage in market insight discussions with various auctions, leasing and rental and remarketing companies and vehicle manufacturers throughout the month.

13/02/2015

Mixed signals in the used car market

The first two weeks of February have in general proved to be positive for the used car industry...

28/01/2015

Black Book Editorial February 2015

As has been widely communicated and as expected, 2014 ended on a positive note for new car registrations. The SMMT reported the year as ending on 2,476,435 registrations, 9.3% ahead of 2013...

16/01/2015

The January used car market – What’s going on?

*The above figures show car value movements since the January monthly Black Book was published, according to the latest Black Book Live updates. January started positively for the used car market with strong retail and wholesale demand Trade buyers are… Reluctant to pay over published values Going up in value: Convertibles Keep an eye on: SUVs What we’ve seen over the last week is that trade...

18/12/2014

Black Book Editorial January 2015

New Car Sales: As reported by the SMMT, new car registrations grew for the 33rd consecutive month in November, up 8.0% on the same month last year, recording 172,327 units. Year-to-date, 2,310,237 cars had been registered - an increase of 9.4% and ahead of the 2013 total for the whole year, with one month still to go. The year-on-year percentage growth is split evenly between “Fleet and Business...

10/12/2014

December slow to gain much momentum after a difficult November for vendors

Following a particularly difficult November for vendors, where market prices realigned themselves after an especially strong year, December has been slow to pick-up much momentum. In the past, a monthly Book drop such as that seen moving into December may well have stimulated the market, an average drop of 3.1% at 3 years, 60k miles was recorded. However, in Black Book Live all movements are...

27/11/2014

Black Book Editorial December 2014

New Car Sales The surge in new car registrations continued, with October exceeding expectations and recording the 32nd consecutive month of growth. As reported by the SMMT, 179,714 cars were registered, compared to last October’s 157,314, an increase of 14.2%. Year-to-date registrations were at 2,137,910, an increase of 9.5% on the same period in 2013 and the first time since 2007 that over 2...

13/11/2014

Values forecast to be under pressure

Following on from a tough October, as reported both mid-month last time around and in November’s Black Book Editorial, this month has continued in a similar vein. It has been difficult to pinpoint ranges that have gone up in value in November – there are usually some pockets of strength – as this month the majority of models continue to fall. Overall volumes in the used car marketplace are at...

31/10/2014

Black Book Editorial November 2014

New Car Sales September is always a key month for new car registrations, with a new plate entering the market and the closing of the penultimate quarter of the year, providing an indicator as to where the full calendar year will end up; September 2014 was no exception. The SMMT reported that 425,861 cars were registered, the highest number in September for a decade and an increase of 5.6% on the...

14/10/2014

October watershed as values drop

We certainly appear to have reached a watershed in the year for the used car market. Throughout 2014 the market has been remarkably stable, with generally only low levels of depreciation. However as we arrive at the middle of October, volumes in the market are increasing at a rapid rate. With prices having been high for the majority of the year, vendors are now having to revise their expectations...

25/09/2014

Black Book Editorial October 2014

As reported by the SMMT, August 2014 recorded the 30th consecutive month of growth in new car registrations. 72,163 cars were registered, compared to 65,937 in the same month last year, an increase of 9.4%. Year-to-date, registrations have passed the 1.5m mark and are 10.1% up on the same period last year. This growth was in both the private and fleet sectors, epitomising increased consumer and...