HPI
CrushWatch, the online service helping dealers and motor finance
companies to identify vehicles that are illegal or have finance
payments in arrears, was used 5,324 times in March, with police
recovering 523 vehicles valued at £2,628,202.
The figures show a 2.6%
month-on-month increase in the number of enquiries made to
CrushWatch,
with a 9.4% increase in the number of vehicles recovered as a
result of those enquiries.
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However, the total value of
vehicles recovered in March was only 1.5% higher than February
because the average value of the vehicles recovered was
lower.
The most valuable car
reclaimed in March was a £39,450 BMW X5, found by the Wiltshire
police.
In contrast, three of the
vehicles recovered in February were worth more than £50,000,
including a £90,190 Audi R8 Spyder Quattro reclaimed by the West
Yorkshire constabulary.
In the first quarter of 2011,
HPI CrushWatch’s service was used more than 16,000 times, resulting
in 1,512 vehicles being recovered worth 7,666,438.
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By GlobalDataThe most common marque
recovered was Vauxhall, with 285 vehicles reclaimed worth
1,101,391. In second place was Ford, with 250 vehicles with a total
value of 943,151.
Although there was a dip in the number of enquiries and
recoveries in February compared to January, the total value of
vehicles recovered has shown an encouraging month-on-month increase
throughout the year so far, from 2.45m in January, to 2.59m in
February, to 2.63m in March.
