Aston Barclay reports 11.4% rise in ex-fleet diesel prices
09 February 2018
Author: Sean Keywood
Demand for used diesel cars remains strong, with values of ex-fleet diesels in particular seeing a significant increase.
That's according to remarketing firm Aston Barclay, which has published a Market Insights report based on sales in 2017.
It shows that between the first quarter of 2016 and the fourth quarter of 2017, average diesel car prices increased by £601 to £8,829, while the average price of ex-fleet diesels rose by 11.4% to £10,076, helped by a fall in the average age and mileage of cars coming to market.
Over the same period, average used petrol prices increased by £426, while ex-fleet petrol prices stagnated at around £7,250.
The report states that, generally, 2017 was a strong year for the used car market, which only faltered in the second quarter, partly due to dealers pushing new car sales into March as a reaction to the new VED changes on 1 April.
This meant trade buyers had a greater choice of used stock in April and May, contributing to a second quarter price fall from £6,609 to £6,485.
Prices then picked up again, finishing the fourth quarter at £6,991, just £174 shy of the average a year earlier.
The report adds that alternatively-fuelled vehicles are slowly growing in volume at auction, from 2% to 3% of all cars, and have a higher average mileage than diesel cars - 64,700 miles compared with 54,415 miles - suggesting they are playing a working role in fleets.
Aston Barclay group operations director Martin Potter said: "2017 delivered a stable used car market, with used diesel demand and prices remaining strong.
"We are confident the market will remain buoyant until the Easter break, where it could suffer from a seasonal slow-down.
"The continued fall in new car sales will see fewer dealer part exchanges entering the used market, but higher used car volumes are likely to balance this shortfall in 2018 as cars come back from the peak new car sales years of 2013 and 2014."