HPI STEPS IN TO OPERATE ECO-LABELLING SERVICE FOR USED CARS
Supporting Government changes to the delivery of fuel economy labels for used car dealers
Used car information expert, HPI, has been granted the authority to deliver fuel economy labels to its dealer community by the Department for Transport. Free of charge, the stand-alone service is available via the HPI trade website and confirms HPI’s backing of the rating system and the benefits it brings to dealers and their customers.
Launched in 2009, the used car fuel economy label has been providing dealers with key environmental information to share with their customers to support their buying choices. Provided free of charge, the service was initially funded by the Department for Transport and delivered by the Vehicle Certification Agency (VCA). Following the success of the scheme the Department for Transport sought expressions of interest from suitably qualified organisations to deliver the used car label to dealers going forward.
HPI has been providing used car buyers with its own version of the label, the HPI Environmental Sheet, (based on the industry standard emissions rating chart) for free since 2009, as part of its market leading HPI Check. To date it has supported in excess of 3.75 million purchasing decisions.
Now available on a stand-alone basis for dealers, the HPI Environmental Sheet highlights the level of CO2 emissions a used vehicle creates, and mirrors labels already being displayed on new vehicles. The Environmental Sheet includes the vehicle’s estimated fuel cost over 12,000 miles, the Vehicle Excise Duty (VED) banding relating to CO2 emissions, and MPG figures. Data is based upon the manufacturer’s new model notification and may vary between vehicles, depending upon options fitted.
“The HPI Environmental Sheet helps us provide customers with all the facts they need to make the most informed buying decision,” says Ian Beardmore, Group Operations Manager of The Co-operative Motor Group.
“It offers clear and concise information on a vehicle’s emissions and future running costs, making it easier than ever for our customers to make greener car buying choices. It’s a great sales tool for us, allowing us to offer consumers the information they need to make accurate comparisons between vehicles. More people are thinking about greener motoring, so we need to be able to respond to demand and HPI continues to help us to do just that. What’s more, with HPI at the helm, we gain the benefit of using a trusted and recognised brand.”
Daniel Burgess, Managing Director for HPI confirms that the HPI Environmental Sheets will continue to help dealers and their customers, “More and more consumers are recognising the financial benefits of greener motoring, which is changing their buying behaviour on the forecourt. The rising cost of running a vehicle over the [past?] few years means the popularity of lower emission petrol and diesel models of cars through to alternative hybrid vehicles, looks set to run and run.
“Dealers who haven’t already joined the green revolution need to do so, to keep up with consumer demand and help their customers make informed purchasing decisions. HPI has long been working with the industry to deliver these tools and building on our strong relationship with the Department for Transport and VCA, we can continue to support dealers and help consumers consider the environmental and financial performance of the cars they are looking to buy.”