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HPI CrushWatch continues to reunite finance companies with their assetsBack


New figures released today show HPI CrushWatch has helped finance and leasing companies recover over £67m of uninsured vehicles in 2015.

The initiative helps lenders both reduce their losses and contribute to road safety by reclaiming their assets from the police. Uninsured vehicles which would have been returned to the road, sold at auction or worse still, scrapped, are reunited with their legal owners under the scheme.

Shockingly, this figure, which compares to £56 million in 2014, suggests that the number of cars that are being driven illegally on the UK’s roads is on the rise.

Working under the umbrella of the Finance & Leasing Association’s (FLA) Vehicle Recovery Scheme and the National Police Chiefs’ Council (NPCC), HPI CrushWatch from vehicle history check expert, HPI, assists Law Enforcement Agencies with identifying if vehicles confiscated from uninsured drivers, rightfully belong to a finance house.  Prior to the introduction of the HPI CrushWatch scheme, these vehicles would have been disposed of without the knowledge of finance houses.

The latest figures reveal that the top five models most commonly recovered consisted of the Vauxhall Astra, Ford Focus, Vauxhall Corsa, BWM 3 Series and Volkswagen Golf, with over 2,000 of these vehicles avoiding the possibility of the scrap heap.  The Vauxhall Vectra entered the Top Ten for the first time, replacing the Ford Transit.

Interestingly, owners of supercars are also found to be driving without valid insurance.  Lamborghini held five places in the ‘Top Ten Recovered by Value’, with two Aventadors and a Huracan LP taking the top three positions with a total value of £615,400.   Three Ferraris also appeared in the Top Ten along with a Bentley Flying Spur and a Mercedes-Benz GT AMG.

The Metropolitan Police alone reunited finance companies with £26,795,500 worth of assets in 2015. Terry Hunt, Director of Frontline Services from the Metropolitan Police explains:

“By clamping down on uninsured drivers we are not only protecting legitimate motorists from the trauma of being involved in an accident with someone who won’t be able to provide any financial recompense, we are closing the net on organized criminals by denying them use of the road.”

Neil Hodson, deputy managing director of cap hpi concludes “The total value of the cars recovered really does illustrate the crucial role that HPI CrushWatch plays in the process of clamping down on uninsured drivers.”

Top 10 HPI CrushWatch Recoveries 2015 by Value

1.    Lamborghini Aventador £240,000
2.    Lamborghini Aventador £208,800
3.    Lamborghini Huracan LP £166,600
4.    Ferrari 458 Italia £150,900
5.    Ferrari F12 Berlinetta £150,300
6.    Lamborghini Huracan £149,400
7.    Ferrari 458 Spider £136,500
8.    Bentley Flying Spur £130,000
9.    Lamborghini Gallardo £120,000
10.  Mercedes-Benz GT AMG £113,300


Top 10 Model Most Commonly Recovered by HPI CrushWatch in 2015


1.    Vauxhall Astra 589 £2,324,035
2.    Ford Focus 462 £2,285,253
3.    Vauxhall Corsa 349 £1,346,875
4.    BMW 3 Series 335 £2,772,495
5.    Volkswagen Golf 331 £2,982,770
6.    Mercedes-Benz C-Class 309 £4,262,555
7.    BMW 1 Series 307 £2,712,475
8.    Ford Fiesta 268 £1,251,868
9.    Vauxhall Vectra 202 £99,180
10.  Audi A3 178 £1,557,315


Top 5 Marques Most Commonly Recovered by HPI CrushWatch in 2015

1.    Vauxhall 1404
2.    Ford 1221
3.    BMW 869
4.    Volkswagen 721
5.    Mercedes-Ben 680


Top 10 Total Value of CrushWatch Finance Hits by Police Force 2015

1.    Metropolitan £26,795,500
2.    Police Scotland £4,025,735
3.    West Yorkshire £3,303,915
4.    Cheshire £3,080,630
5.    Greater Manchester £2,487,020
6.    Northumbria £2,141,070
7.    Essex £2,139,015
8.    Hertfordshire £1,662,140
9.    Lancashire £1,609,105
10.  South Yorkshire £1,363,393


Source: HPI



Posted by Sue Robinson on 11/03/2016