Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

Mixed messages from auction firms

Date: 10 June 2011

The two major car auction houses posted contrasting results for used fleet values in May.

Manheim Remarketing reported that, while wholesale values overall fell 3% to £6808 compared to the previous month, fleet values remained stable with an increase of 0.1% (£5) to £6255.

In the fleet sector small hatchbacks were down 1.3% to £4342, medium family cars fell 5% to £5414 and MPVs plummeted 8.8% to £6831.

Better values were achieved by compact executives - up 3.5% to £8667 and 4x4s, which rose 2.1% to £12,884.

BCA reported a fourth consecutive monthly fall in fleet values despite values across the board rising by 2.9% to £5790.

The auctioneer put the decline down to values in the fleet sector peaking early in January of this year and tailing off in the following months.

Values in May fell by less than 1% to £7349 but Cap performance improved by a point to 94.27%.

BCA director Tony Gannon said: "The fleet sector has a particular issue as there are still volumes of older, higher mileage and often poorly presented vehicles clogging the arteries. Many of these have been entered for sale a number of times and are continuing to depreciate the longer they remain unsold."

Follow BusinessCar on TWITTER



Share


Subscribe