Ex-finance vehicles continued to increase in value in August according to G3 Remarketing, up £134.40 on July and 23% year-on-year at an average of £6,858.40
Ex-fleet and lease values are also holding strong, with the average price in August at £8,987.70, up by £44 on the month before and by approximately 20% year-on-year.
The average age of ex-fleet and finance vehicles remained just shy of 40 months, with an average mileage of 46,000, however, the volume of such motors passing through the remarketer was down by 2% in August, which G3 attributed to a seasonal decline in availability.
Tom Marley, head of operations at G3, said: "The seasonal reduction in volumes has resulted in an increase in values across some segments and overall, values are up by 20% or more across fleet, lease and finance vehicles.
"The models showing some of the largest year on year increases [are Citroën] C1 small engine models and Hyundai I40’s, whilst the smallest increases have been on [Ford] Fiesta petrol models and some [Peugeot] 207 petrol models."
Further statistics from G3 Remarketing will be published in the September issue of Motor Finance magazine.
richard.brown@timetric.com
