Automotive industry expert Derren Martin has been appointed as head of current valuations at cap hpi.
The announcement comes as cap hpi restructures its industry editorial experts to provide a greater range of consultancy services.
The team of 11 will also continue to manage daily adjustments to Black Book Live used car data and support customers with bespoke insight and support.
Martin has spent two years establishing the international team of valuation experts and analysts.
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. We thank James for his hard work in recent years and wish him all the best in his new challenge."
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 more than 10 million monthly movements in used values.
The team also analyses more than two million transactional data records from a broad range of the wholesale market alongside over five million retail adverts each year.
James Dower, currently senior editor of Black Book in the UK, is leaving the business to take a senior business development role within remarketing.
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.
“We are seeing an increased demand from our customers to share our expertise in bespoke consulting capacities. As we continue to evolve our data, technology and service offering, the demands on the data have never been more immediate and business critical for our customers.”
cap hpi provides decision support data and software solutions spanning vehicle valuation, validation, collision, mechanical repair and total cost of ownership.
All data is uniquely connected by the cap hpi code and a single methodology across all markets and sectors.
The company operates from an international hub in the UK and operates as part of Solera, a global provider of risk and asset management software and services to the automotive and property marketplace. Solera is active in over 85 countries across six continents.