Manheim Remarketing’s latest Market Analysis for Cars reports that in August values of 4x4s have strengthened while values of small hatchbacks have decreased in all three sectors – fleet, dealer part exchange and manufacturer.
In August, while overall average values fell by just 0.4% (£29) to £6,559, 4x4 values in the fleet sector increased by 3.3% (£369) to £11,424 and 4x4 part exchange values increased by 2.4% (£113) to £4,804.
Meanwhile values of fleet small hatchbacks fell by 3.2% (£144) to £4,311, dealer part exchange small hatchbacks fell by 2.5% (£47) to £1,811 and manufacturer small hatchbacks fell by 2.6% (£211) to £7,999.
Overall values in the fleet sector increased by 0.7% (£40) to £5,945, dealer part exchange values fell by 4.1% (£94) to £2,212 while manufacturer stock values decreased by 1.1% (£130) to £11,386.
Examples of increases in average values for the fleet sector in August include: medium family up 1.0% (£54) to £5,458; large family up 1.5% (£69) to £4,695; executive up 3.6% (£329) to £9,550; and mini-MPV up 1.7% (£78) to £4,716.
Notable examples of decreases in average values in the fleet sector include: superminis down 6.4% (£251) to £3,656; and compact executive down 2.9% (£226) to £7,590.
Mike Pilkington, managing director, Manheim Remarketing, said: “We have witnessed some strong sales results through August in no small part due to the shortage of quality retail stock throughout the month .The demand for 4x4 stock has also started to move early this year with memories of the harsh winter of 2010 still obviously set firm in the minds of consumers and dealers alike. The outlook remains a cautious one with the traditional increase in stock levels anticipated and matched against steady, as opposed to buoyant retail demand.”
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