Author:
Robin Roberts
Immediate fluctuations in trade prices of vehicles can now be identified and values given in showrooms after CAP launched its Black Book Live service to the industry.
It solves the problem of uncertainty around changes in vehicle values between the publication dates of a ‘traditional’ monthly price guide.
CAP believes this will enable Black Book Live users to be more confident in their trading decisions on a day to day basis and remove the ‘wait and see’ caution that can emerge several days before publication of a monthly guide.
It will help car retailers and traders to improve profit per unit and enable fleet disposers to fine tune de-fleet activity to potentially maximise returns.
Black Book Live is researched by a team of editors, each specialising in their own vehicle sectors.
As soon as an editor is satisfied that sufficient evidence is available to justify a price alteration, the new value is published – together with a brief editorial commentary explaining the rationale behind the price change.
Its launch comes as Montagu Private Equity LLP, one of Europe’s leading private equity firms, has reached an agreement to acquire CAP from Top Right Group, formerly Emap International.
Founded in 1979 and based in Leeds (UK), CAP’s data and information systems serve clients across a broad variety of automotive-related sectors.
CAP Monitor is a leading residual values forecasting tool for the Contract Hire, Leasing, Daily Rental, Finance and Insurance industries.
CAP’s new vehicle data system serves a broad variety of e-commerce, DMS, showrooms and asset management systems throughout the Retail, Contract Hire, Leasing, Finance and e-commerce sectors.
With the support of Montagu, management plans to continue CAP’s growth through further investment in the company’s innovative, market leading technology and continued expansion into new market segments providing data information solutions to clients in the automotive sectors.
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