Manheim Remarketing reports
that overall average wholesale used car values increased by 1.6%
(£111) to £7,095 in March compared to February. This follows a 2%
rise in February and a 4.2% rise in January.
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The rise in average values in
March was driven by increases in the fleet, dealer part exchange
and manufacturer sectors.
The fleet sector’s average
values increased by 0.8% (£50) to £6,444, with dealer part exchange
and manufacturer stock values rising by 4.4% (£110) to £2,584 and
by 2% (£243) to £12,134 respectively.
When compared with March
2010, and with average age up by two months to 52 months and
mileage up by 3,839 miles to 54,140 miles, average wholesale used
car values are still 4.8% (£358) lower.
Examples of increases in
values for the fleet sector in March include superminis up 7.7%
(£269) to £3,756, large family up 1.8% (£90) to £5,047, mini MPV up
by 3.1% (£148) to £4,892, and MPV up 5.7% (£377) to
£6,982.
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By GlobalDataDealer part exchange prices
for small hatchbacks rose by 8.1% (£159) to £2,118, medium family
by 6.2% (£141) to £2,419, compact executive by 2.8% (£102) to
£3,755 and 4x4s by 2.3% (£132) to £5,784.
Examples of increases in manufacturer stock values include
small hatchbacks up 6.4% (£526) to £8,799 and executive up 5.8%
(£1,062) to £19,199. In the fleet sector, executives dropped most
in value, by 4.9% (£541) to £10,501.
