Values of used cars dipped in April as high numbers of March plate-change trade-ins hit the market.

In the first two weeks of the month, for 3yr/60,000 mile vehicles, values fell -2.6% in the City Car and SUV segments. Most other segments saw falls of between -1.6% and -1.8%. Conversely, Convertibles, Coupe Cabriolets, Luxury Executive and Supercars saw rises of between +0.1% and +0.7%.

“For most mainstream cars the increase in supply, coupled with a reduction in demand has begun to undermine the unusually robust market that has characterised the past year,” said CAP.

Cap said its April Black Book monthly print publication was “rapidly overtaken” by the market and that the May edition will see values taking a bigger hit than a year ago. CAP said the announcement of a book drop in May highlights the difference between digital live market value reporting such as Black Book Live and the monthly print price guide Black Book. CAP’s strategy is to move from print to digital.

A year ago CAP CEO Ian Rendle said digital accounted for 94% of its business and that the monthly Black Book guide had four to five years left.

original story on Motor Trader – http://www.motortrader.com/latest-news/car-values-dip-april-trade-ins-hit-market/