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Like BCA and Leaseplan, Rupert Pontin, chief car editor at Glass's, also thinks 2014 is set to be a healthy year for used values.
"The used car market in 2014 is likely to be a vibrant and stable one overall. Late-plate values will remain under pressure as a result of the ongoing tactical new car activity, while the three-year old market will continue to suffer from the lack of supply experienced in the last few years until the middle of the year. Consumer confidence is likely to continue to grow, which is great news."
One thing to watch is the amount of three-year old ex-lease cars coming to market mid-way through the year, as this may start to increase and has the potential to take the edge off prices.
Pontin continues: "Ex-fleet and lease-sector vehicles returning to the market will begin to increase
in volume from mid-year and this may result in an easing of three-year old values dependent on the state of the economy. With greater volume we should see a wider choice of models coming to the market, too."
The main area to watch, according to Pontin, is the introduction of the new Euro6 emissions regulations in September, which may see a spike in non-compliant cars, diesels in particular, hitting the used market.
"Euro6 will impact new car sales toward the end of the year, and as such we may see a number of
pre-reg diesels heading to the forecourts, but we will have a clearer view of the impact closer to the time as we monitor how manufacturers handle the situation.
"[The regulations] may pull new car sales of non-Euro6-compliant cars forward, resulting in a peak of defleet activity, and this may result in a small period of oversupply to the used car market, so care must be taken to manage this period carefully."
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