21 May 15

UK ex-fleet values rise again

According to Manheim's Market Analysis, prices of de-fleeted cars at auction in the UK rose again in April 2015, maintaining the year's trend of consistent value increases. The average de-fleeted car was worth £7,518 in April – £200 (or 2.7%) higher than the previous month. At £7,518, the average selling price was £392 (or 5.5%) higher in comparison with April 2014, signifying a stronger first quarter overall for the de-fleet sector. Such a significant upturn in value could be attributed to a shift in the quality of vehicles at auction. The average unit in April 2015 was 50 months old with 59,055 miles on the clock.

Daren Wiseman, valuation services manager at Manheim, commented: “April tends to be an incredibly active month for the de-fleet sector. Although the plate change happens in March, buyers tend to be cautious and wait for the best quality vehicles to roll into the auction hall and that normally happens in April”.

Authored by: Tim Harrup