Used car values end 2009 up 35%
07 January 2010
Values of used cars at auction have ended the year up 34.7% according to remarketing giant Manheim.
Commenting on individual sectors a spokesman for the firm said: "Within the fleet sector, examples of notable increases in values include 4x4s which rose by 6.3%. Decreases in average values include small hatchback, medium family, large family and compact executive models which fell 1.4%, 3.1%, 0.9% and 3.6% respectively. In addition, mini-MPVs fell 6.6%."
Mike Pilkington, managing director, Manheim Remarketing said: "Although average wholesale values fell in December they are still 34.7% higher than 12 months ago. The dealer and manufacturer sectors experienced value falls in line with seasonal expectations while the fleet sector performed better than predicted due in large part to the increase in values of 4x4s. We are starting 2010 in a stronger position than 12 months ago and, although we will not see the dramatic value rises of January 2009, I expect prices to remain strong during the first quarter."
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