Used car values slid rapidly in the final quarter of 2014 and hit a noteworthy low in December, according to Glass’s head of valuations Rupert Pontin.
Pontin said: "The state of the current used market is of definite concern, something that we first started flagging up as long ago as June, when we noticed worrying changes to defleet patterns."
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He said the drop in prices showed the importance of data; "Without accurate and timely pricing information, it is difficult to make profits. It is that fundamental."
Pontin said: "In this case, it was very much our contacts who noticed the downshift in the market very early in the process and, when we looked at the data, we could see the first signs to back up their suspicions."
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