Provision of Car Price Data to the Office for National Statistics
Awarded 01 Jul 2019
About
The Office for National Statistics awarded a contract to cap hpi Limited for the provision of car price data.
The contract supports ONS's estimates of household expenditure on cars as a component of National Accounts, published in Consumer Trends under 07.1.1 Motor cars.
The supplier provides fully representative prices (recommended retail price inclusive of VAT) for cars sold/registered each quarter, based on a volume list from the Department for Transport containing an average of 193,000 rows.
The supplier must provide a price for each model listed, and where no exact price match is found, the lowest level average price available.
The number of exact matches must be identified to maintain data standards.
The data is also used by ONS Prices Division to construct a sample frame for selecting a sample and weights.
The contract value is AUD 29,213.
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