Month-on-month average values for fleet were down for the fifth
time this year with a 2.3% reduction
to £5,791 for August.
This follows a rough year for the fleet sector
which has seen values fall 13.5% (£900) since August 2009.
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Average wholesale used car values also fell by
3.3% to £6,783 in August, after a relatively stable June and July.
The drop in these values from August 2009 is 8.2% (£607).
Mike Pilkington, managing director at Manheim Remarketing, said: “With
additional economic pressures to run fleet vehicles on longer
contracts, it is inevitable that older vehicles with higher
mileages will come through the auction halls. Although fleet values
have fallen there has been some stock clearance activity going on
with August prices also reflecting the seasonal lull.”
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By GlobalData
