Fleet sector used car values continue to accelerate

AVERAGE used car values in the fleet sector have continued their 2012 upward trend with a 4.4% (£285) rise last month to £6,712 with strong performances in the compact executive and coupe segments.

 

Manheim Remarketing’s latest analysis reveals that average prices for compact executive cars were up 7.8% (£660) to £9,162 and coupes increased 10.8% (£1,082) to £11,105.

 

Average values for used fleet cars have increased by around £550 since the start of 2012 and have risen in each of the first four months of the year. Twelve months ago average values in the fleet sector stood at £6,250.

 

Overall average wholesale values were up 3.7% (£265) to £7,501 when compared with March and up 6.9% (£482) when compared with the same period last year.

 

Other increases in April in the fleet sector included medium family up 4% (£236) to £6,145, and executives up 3.5% (£352) to £10,329. Significant falls in average values were experienced by MPVs, down 7.7% (£561) to £6,704 and 4x4s, down 11.6% (£1,433) to £10,967.

 

Daren Wiseman, valuation services general manager, Manheim Auctions, said: ‘Despite the anticipated increase in volumes arriving through April prices remained stable across most sectors. The sector clearly under most pressure is 4×4 with all but the most desirable examples attracting minimal interest. The pressure on 4×4 values has no doubt been compounded by the mild winter weather we have experienced.’


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