18 Apr 14

Auction values rise in March

Remarketing company Manheim has reported that March witnessed the average price of de-fleeted vehicles rise to £7,791 in the UK compared to February. This performance appears to be in line with a fall in average age of one month and a drop in the average mileage of 2,677. When looking at the broader year-on-year figures, the average selling price was £1,076 higher than in March 2013, which can also be attributed to a fall in the average age of the vehicles at auction by one month to 51 months, and the average vehicle mileage falling from 61,515 to 58,838.

Looking at the figures in more detail, the average selling price increased for nine of the 10 sectors analysed during March 2014. This was most noticeable with coupe models, which rose by £2,247 (or 22%).

Authored by: Tim Harrup