Derren Martin appointed head of current valuations at Cap HPI

Industry expert Derren Martin has been appointed as head of current valuations at Cap HPI.

The new role will see him lead a team of industry experts and analysts to editorial and remarketing consultancy. 

The announcement comes as Cap HPI restructures its industry editorial experts to provide a greater range of consultancy services. The team of 11 will 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. As the company expands, he is taking a new role to ensure that dealers, fleets and OEMs have access to real-time analysis and expertise. 

James Dower, currently senior editor of Black Book in the UK, is leaving the business to take a senior business development role within remarketing. 

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 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.

“We are seeing an increased demand from our customer’s 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."