Small-engine cars, such as the Hyundai i10 and Peugeot 107, performed well in May, hitting as much as 104% against CAP, according to latest data from G3 Remarketing, partner to Citroën and Peugeot Financial Services and Lex Autolease among others.
Meanwhile, high-specification, bigger models are also seeing strong prices, boosted by continued export demand, as previously noted by vehicle valuation firm CAP and auctioneer CD Auction Group. In March CAP identified exports to Africa, Australasia and East Asia as selling in excess of valuations, with the Audi Q7, BMW Mini Cooper and Citroën C8 attracting inflated prices, while used and damaged 4x4s were in demand for use as parts in Eastern Europe. CD Auctions identified Malta, Cyprus and Africa as healthy markets, with a particular rise in demand in New Zealand in the past two years.
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Among the demand for ‘executive’ models, G3 highlighted the performance of the BMW 5 Series, the Audi A6 and A8, and Jaguar models, which all saw prices rise.
Tom Marley, head of operations at G3, said: "Small cars are continuing to hold their value as consumer demand continues to increase for smaller, more fuel-efficient, lower-tax vehicles.
"There has been a 23% increase in nearly new and almost delivery mileage vehicles into the marketplace which is due to the continued early repayment defaults or a larger take up in cooling-off periods when a new car is purchased."
Marley added the company had seen another increased return on investment for those taking the opportunity to refurbish cars, having highlighted the trend in April. Refurbishment of vehicles, said Marley, "could raise a sale above average values by as much as £600-700," with minimal expenditure.
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By GlobalDatarichard.brown@timetric.com
