Average wholesale used car values fell by 2.5%
(£168) to £6,640 in June, the third consecutive monthly fall,
reports Manheim Remarketing.
The fleet sector fell by 2.5% (£155) to £6,100
and manufacturer stock values fell by 3% (£346) to £11,279. Dealer
part exchange values increased by 0.9% (£21) to £2,327. Compared
with June 2010, average wholesale used car values are 4.8% (£338)
lower, with the average age up by one month to 52 months, and
mileage up by 3,265 miles to 54,161 miles.
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Notable examples of decreases in average
values in the fleet sector in June included small hatchbacks down
1.5% (£66) to £4,276, compact executive down 7.9% (£683) to £7,984,
mini MPVs down 1.4% (£66) to £4,800 and 4x4s down 7.4% (£952) to
£11,932. Dealer part exchange superminis fell 5.5% (£85) to £1,465
and 4x4s fell 4.7% (£232) to £4,713. Falls in manufacturer stock
values include large family down 8.6% (£1,163) to £12,388, coupes
down 1.2% (£187) to £15,240 and 4x4s down 6.5% (£1,511) to
£21,639.
Examples of increases in June’s fleet sector
values included medium family up 1.6% (£85) to £5,499. Dealer part
exchange prices for medium family rose by 3.2% (£69) to £2,211, for
large family by 3.5% (£57) to £1,685 and compact executive, which
rose by 7.3% (£237) to £3,471. Increases in manufacturer stock
included superminis up 10.5% (£519) to £5,477, small hatchbacks up
0.9% (£68) to £7,978 and medium family up 6.4% (£582) to
£9,725.
Manheim Remarketing managing director Mike
Pilkington said: “Pressure on values and conversion rates continued
during June. This pressure is a culmination of sporadic
retail demand driven by increasing
economic uncertainty combined with healthy supply. This
limited retail demand appears to be set to
continue through the forthcoming summer break and we
anticipate further pressure on values. Buyers are still out in
numbers but they are increasingly looking to cherry pick the best
vehicles to replenish stocking levels.”
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