REMARKETING: Steady as she goes
12 February 2013
Experts believe that the most savage price rises and stock shortages have now taken effect, so the market isn't likely to experience the fluctuation and steep hikes it did in 2012.
According to Sturley of Lex Autolease: "The shortage of ex-fleet vehicles reaching the used car market has now peaked and we expect there will be enough vehicles to satisfy demand during 2013. In terms of pricing we do not expect significant falls due to the impact of stock shortage last year and the fall in new car sales caused by the double-dip recession."
Ferreira agrees, saying: "We don't expect to see any fundamental changes compared to 2012. Whilst short supply benefits residual values, the continued drought of credit is likely to balance this out."
Unsurprisingly, clean, economical vehicles and solid ex-fleet cars in good condition are tipped to be the most desirable for used buyers. Traditional aspects such as specification and colour still make all the difference, says Sturley: "As with previous years there will be a strong demand for well-maintained vehicles, with a good specification and in a traditional colour. Vehicles that tick these boxes are likely to attract buyers."
Ferreira claims that cars with low-capacity petrol engines may now have been around for long enough to start becoming attractive to second-hand buyers, especially with the price gap between the two major fuels at the pumps.
"Mini and small petrol vehicles are likely to pick up as consumers are not seeing the value in increased purchase price of diesel versus the pump cost and mileage travelled," he says.