Cap HPI: No ‘Seismic’ Slump in 2022

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.”