Average sale prices for ex-fleet cars at Manheim auctions rose by 2.6% (up £184 to £7,132) in November.
The average age of de-fleeted stock was six months lower than 2014, with nearly 5,000 fewer miles on the clock.
Prices in November were down 3.2% from October, reflecting an expected softening in the market as volumes increased following the record new car registration month in September. Overall car auction volume was up 19% from November 2014, following the 33% year-on-year increase seen in October.
The best performing vehicle segments were MPVs, with average selling prices up 5.2% (£444) from October and up by 28.9% (£2,007) year-on-year; and coupes, with average values rising by 3.8% (£426) month-on-month and by 20.4% (£1,975) compared to November 2014.
Daren Wiseman, valuation services manager at Manheim, said: “As significant de-fleeted volumes continue to hit our physical and online auctions, it is unsurprisingly that we saw the market soften slightly in November. However, despite overall year-on-year car volumes increasing by 19%, average selling prices were up by 2.6% compared to the same month last year.”
“The average selling price outperforming November 2014 is all the more impressive since significant increases in ex-fleet volumes (3% and 2%, respectively) were seen in the supermini and small hatchback segments, which are inherently two of the segments with the lowest selling prices.”
Login to comment
Comments
No comments have been made yet.