HPI Group

HPI is a prominent player in the UK's used car market, providing vehicle history checks since its establishment in 1938. The company was founded by a group of motor dealers and financiers with the objective of creating a central register to track vehicles on hire purchase agreements, thereby preventing innocent buyers from purchasing cars with outstanding finance.

Acquired by cap hpi in 2015, which itself is part of the global fleet and automotive solutions provider Solera, HPI operates primarily in the United Kingdom's automotive sector. Its client base encompasses both private consumers and motor trade professionals, including dealerships and finance companies. The business model revolves around selling individual vehicle history reports and offering subscription-based services to trade customers. Revenue is generated directly from these sales, with the core value proposition being the mitigation of risk associated with purchasing a used vehicle.

The primary service, the HPI Check, offers a comprehensive vehicle history report. This report verifies if a vehicle has outstanding finance, has been reported as stolen to the police, has been written off by an insurance company, or has a mileage discrepancy. The HPI Check consolidates data from various sources, including finance companies, the police, and the DVLA, to create a detailed profile of a vehicle's past. A key feature is the HPI Guarantee, which provides financial reimbursement up to £30,000 if the information in the report is proven to be incorrect or incomplete, offering a layer of financial protection to the buyer. Other data points in the report can include the number of previous owners, CO2 emissions, and whether the V5C logbook has been stolen.

Keywords: vehicle history check, used car data, automotive risk, outstanding finance, stolen vehicle check, insurance write-off, mileage discrepancy, vehicle provenance, HPI guarantee, automotive data