Average used car wholesale values increased by
5.4% (£353) to £6,912, the first monthly increase since April,
according to Manheim Remarketing’s latest statistics.
Overall values in the fleet sector were up
3.5% (£209) to £6,154, dealer part exchange values rose 3.5% (£77)
to £2,289, while manufacturer stock values increased by 7.8% (£890)
to £12,276, partly due to a decrease in average age and
mileage..
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Manheim Remarketing managing director Mike
Pilkington said: “With supply of quality used stock into the
wholesale market shorter than expected in September, the month has
been characterised by dealers desperately hunting for quality
vehicles.”
“Although prices and conversion rates
inevitably cooled towards the end of the month, the good weather
has perhaps given the market a more optimistic outlook for the
harsher trading months ahead.”
Notable increases in average values for the
fleet sector in September included small hatchbacks up 4.5% (£192)
to £4,503, medium family up 2% (£112) to £5,570, large family up
4.4% (£206) to £4,901, and 4x4s up 2.1% (£242) to £11,666.
Dealer part exchange small hatchbacks were up
3.4% (£61) to £1,872, with medium family up 5.7% (£123) to £2,264.
Manufacturer stock small hatchbacks increased by 12.8% (£1,026) to
£9,025, MPVs were up 8.7% (£1,054) to £13,209 and 4x4s up 5.8%
(£1,074) to £19,663.
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By GlobalData
