CAP HPI has announced the employment of a new head of current valuations for its data service Black Book Live.
Derren Martin has taken on the role, having spent two years establishing the team of valuation experts and analysts. Now, he will be in charge of ensuring that Black Book runs smoothly, and ensuring that the customer base of OEMs, fleets and dealers have access to real-time analysis and expertise.
James Dower, the current senior editor of Black Book, is leaving the business.
Commenting on the new opportunity, Derren Martin said: ‘It has been an intense two years setting up the framework that will underpin the continued expansion of our international operations. I relish the challenge of leading our team of UK experts as the industry becomes increasingly digital and our customers, from all sectors, look to our data to drive their businesses and build customer engagement.’
The Black Book team includes a mix of industry experts and data analysts that produce daily updates to vehicle valuations. The company recently announced the number of car models and derivatives has jumped to 68,700 unique ‘IDs’, which is set to create over 10 million monthly movements in used values.
The team also analyse over 2 million transactional data records from a broad range of the wholesale market alongside over 5 million retail adverts each year.
Chris Wright, managing director of Cap HPI, said: ‘Derren has done a fantastic job with our international team, and we value his experience in leading the Black Book operation.’
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