Some good news amongst all the dire warnings comes from Cap HPI. Head of valuations, Derren Martin, has been talking to AM and said we don’t need to fear a ‘seismic’ slump in car values as 2022 approaches.
Stock shortages and high demand maintain a grip on values, it seems. Certainly Martin has sought to assure dealerships that the recent end to a run of eight straight months of car price rises need not herald a decline in values.
Martin told AM: “The first quarter of 2022 will be quite strong and in January and February you might see movements up. I think it will stay strong until at least the summer when we might see some easing of the semiconductor issues.”