Auction company Manheim has reported that average wholesale
prices for used cars rose by 34.7 percent to £6,875 in December
2009 compared with the same month in 2008 – although this figure
represents a small month-on-month fall, of 4.1 percent.
Looking into the results in more detail, Manheim said that in
the fleet sector, average prices rose by 0.7 percent month on
month, and dealer part-exchanges fell by 3 percent. While average
values for manufacturer stock fell by a more eye-catching 9.1
percent, Manheim noted that this decline could largely be accounted
for by “changes in the stock mix”.
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Possibly as a consequence of the recent snowy weather, prices
for ex-fleet 4x4s rose by 6.3 percent, although in the manufacturer
sector they fell by 0.9 percent.
Mike Pilkington, MD of Manheim Remarketing, commented: “The
dealer and manufacturer sectors experienced value falls in line
with seasonal expectations while the fleet sector performed better
than predicted due in large part to the increase in values of
4x4s.
“We are starting 2010 in a stronger position than 12 months ago
and, although we will not see the dramatic value rises of January
2009, I expect prices to remain strong during the first
quarter.”
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