Manheim
Remarketing reports that overall average wholesale used car values
increased by 4.2% (£278) to £6,847 in January, compared to December
last year.
The fleet sector’s average values
increased by 6.7% (£383) to £6,124, dealer part exchange prices
rose by 9.8% (£223) to £2,491, and manufacturer stock average
values rose by 0.8% (£92) to £11,922.
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Average wholesale used car values
dropped by 4.7% (£340), compared to January 2010, with the average
age up by three months to 51 months, and mileage up by 5,015 miles
to 53,828 miles.
Increases in values for the fleet
sector in January included small hatchbacks up 8.7% (£345) to
£4,330, medium family vehicles up 8.6% (£436) to £5,527, large
family up 12.9% (£554) to £4,848, compact executives up 7.5% (£588)
to £8,397, mini MPVs up 9.7% (£435) to £4,895, and 4x4s up 7.7%
(£940) to £13,146.
Dealer part exchange prices for
small hatchbacks rose by 12.4% (£221) to £1,997, for medium family
up by 13.5% (£279) to £2,351, for large family up by 3.6% (£64) to
£1,849, and for mini MPVs up by 14.1% (£286) to £2,313.
Examples of increases in
manufacturer stock values include small hatchbacks up 6.5% (£493)
to £8,126, medium family up 7.1% (£728) to £10,918 and large family
up 5.2% (£644) to £12,988.
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By GlobalDataDecreases in average values in
January included dealer part exchange 4x4s falling by 3.2% (£186)
to £5,535 due to an increase of six months in the average age to 97
months, but with only a relatively small increase in average
mileage of 1,920 to 78,868. In the manufacturer sector, average
values of executives fell by 7.8% (£1,457) to £17,263, and 4x4s
fell by 20.4% (£5,036) to £19,602, due primarily to a change in
model mix.
Manheim Remarketing managing
director Mike Pilkington said: “2011 has started positively with
high attendances both online and in the auction hall, reflective of
the increase in demand expected at this time of year.
The rise in values is similar to
January 2010, which was 4.5%, and is further confirmation of the
current market stability.
“Bidding activity online has been particularly strong this
month, with a record number of online vehicle sales. Increasingly,
buyers are using Simulcast to access auctions that they wouldn’t
normally attend in person in the search for the right stock.”
