Observations: Tim Naylor,
BCA
Average used car sold values fall in
April – both fleet/lease and part-exchange sectors saw price
falls.
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Sold volumes declined, with
conversions down significantly.
Performance against CAP Clean dropped
sharply.
Buyer confidence fragile in wholesale
markets, with economic uncertainty, rising fuel costs and inflation
all taking their toll.
April’s Bank Holidays and hot weather
disrupted trading.
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By GlobalData“This might be the precursor to a sustained period of price
pressure such as that seen in 2008. However, the market is more
robust and leaner than it was three years ago, and the volumes
available for remarketing are lower.”
Increase in supply from March part exchanges and lower
retail demand – values softened after 3 months of
increases.
(Click on table below to view large PDF)
