Fleet sector experiences the biggest decrease
as average age and average mileage rise
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Manheim Remarketing reports that
overall average wholesale used car values fell by 4.4% (£306) in
2010, compared with 2009. The average age increased by three months
to 51 months, and the average mileage rose by 4,009 to 53,605
miles.
The fleet sector experienced the
biggest decrease in 2010, as average values fell by 7.2% (£443),
with manufacturer stock down by just 1.1% (£126). Dealer part
exchange prices actually rose by 5.5% (£118).
In December, average wholesale used
car values fell 4.1% (£283) to £6,569, following two months of
increases. However, the overall fall in values couldn’t dampen the
demand for 4x4s, with values increasing in both the dealer and
manufacturer sectors.
Small hatchbacks and mini MPV
values fell in all three vehicle sectors – fleet, dealer and
manufacturer. Average fleet values fell by 6.4% (£395) to £5,741
and manufacturer stock fell by 2.1% (£260) to £11,830. Dealer part
exchange prices remained largely stable with an overall fall of
just 0.3% (£7) to £2,268.
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By GlobalDataExamples of falls in values for
fleet in December include small hatchbacks down 2.1% (£85) to
£3,985; medium family vehicles down 6.1% (£333) to £5,091; large
family down 11.5% (£559) to £4,294; compact executives down 4.4%
(£360) to £7,809; and mini MPVs down 5.9% (£281) to £4,460.
Dealer part exchange prices for
small hatchbacks fell by 4.2% (£78) to £1,776; executives were down
2.6% (£94) to £3,451; and mini MPVs fell 2.2% (£46) to £2,027.
Manufacturer stock values for
superminis fell by 4.6% (£221) to £4,620; small hatchbacks fell
5.4% (£434) to £7,633; and mini MPVs dropped by 11.5% (£1,533) to
£11,800.
The only increase in average values
in the fleet sector was for executives, which rose by 3% (£297) to
£10,039. Dealer part exchange superminis rose by 7.8% (£108) to
£1,496; large family went up 3.2% (£56) to £1,785; and 4x4s rose by
9.6% (£503) to £5,721.
In the manufacturer sector, notable
increases in value include large family up 3.6% (£433) to £12,344;
executives up 10.9% (£1,843) to £18,720; and 4x4s up 25.3% (£4,975)
to £24,638, due partly to a change in model mix.
Mike Pilkington, managing director
of Manheim Remarketing said: “After a dramatic rebound in values
during 2009, it was perhaps inevitable that there would be a fall
in values in 2010 and a return to more traditional patterns of
price seasonality.
“The poor weather provided an
additional challenge in December, but the availability of our
online buying channels helped keep the market moving with record
sales for us online in the month.
“The inclement weather at the start and end of 2010 has
certainly boosted 4×4 values across all wholesale sectors despite
record fuel prices.”
