HPI announces expansion of data set
The UK’s largest provider of vehicle provenance checks has announced a significant expansion of its data. Cap hpi has teamed up with integrated vehicle recycling company SYNETIQ to receive information on salvage total loss vehicles.
The move comes as cap hpi also integrates data from Audatex, a global risk and asset management data provider. Audatex data supports over 2 million vehicle assessments annually and 85% of UK insurance claims.
The data will give users of HPI Check an enhanced vehicle search with greater transparency, including a history of incidents and total loss.
SYNETIQ, an IAA company, is a large player in the salvage market and is committed to raising standards of transparency across the industry. The data agreement with cap hpi will ensure that vehicle provenance checks give a fuller picture of a vehicle’s history. SYNETIQ will provide contextual information for vehicles passing through its facilities.
Hugh Leslie, IT director for SYNETIQ, said: “We continue to invest in pushing standards forward across the industry, and our new data agreement with cap hpi will help to keep consumers and the supply chain informed about the vehicles they buy. Everyone in the industry must play their part to increase transparency and raise standards.”
SYNETIQ is one of the UK’s leading vehicle salvage, dismantling and recycling companies. It works with businesses to maximise every vehicle’s environmental and financial value.
HPI pioneered the vehicle check back in 1938, and the HPI Check has developed to become a household name by providing a fully comprehensive vehicle check and report that provides drivers and businesses with all the vital information about the car they want to buy, protecting them from motoring scams and fraud.
HPI Check is available for cars, motorcycles, vans, HGVs, and motorhomes. The company’s data shows one in three cars has a hidden history or still has outstanding finance.
Commenting on the move, Jon Clay, identification director at cap hpi, said: “The data agreement with SYNETIQ and the additional integration of Audatex data, is part of our ongoing journey to enhance the HPI Check. As technology and data advance, we are able to connect parts of the industry to increase transparency across the sector. We can layer information to provide a richer picture of every vehicle.
“The team at cap hpi continues to work with stakeholders, including the police and industry bodies, to help keep motorists and businesses safe. It’s important to our customers that our data is collected ethically and is reliable, and that’s why we are pleased to team up with SYNETIQ on this important milestone.”
HPI supports buyers by investigating insurance markets to ensure they are accurate. Using the company’s well-established relationships across the industry, the investigations regularly identify cloned vehicles and other issues.