Used fleet car prices rose by over 40% in 2021, Aston Barclay reports
19 January 2022
Author: Sean Keywood
The average price of used fleet cars sold at auction increased by 40.8% in 2021, according to remarketing firm Aston Barclay.
The increase meant a new average price of £15,533, with the main cause said to be a shortage of such cars hitting the market, with replacement cycles extended to cope with restricted new car supplies due to the global semiconductor crisis.
Aston Barclay estimates the market was short of nearly 140,000 ex-fleet cars in 2021, with the current supply situation not expected to change until late this year.
Aston Barclay MD - customer Martin Potter said: "Some fleets are now on their second round of contract extensions as new car supplies have prevented them from de-fleeting their current vehicles.
"Used fleet prices settled down in December, but they still rose across Q4 2021 by £894.
"When ex-fleet cars hit the used market in volume again, their average age is likely to increase above the current 42 months which the industry has to come to terms with. Gone are the days of the 36-month-old fleet replacement cycle."
Among Aston Barclay's other sales trends in Q4, sales of pure EVs doubled while prices rose by 15.7% to £25,883 on average, although these vehicles still accounted for only 0.5% of overall sales.
Hybrid volumes grew from 3% to 5%, and prices rose by 9.3% to £18,542.
Used diesel volumes rose by 2.5% to 48% of total sales, with prices also rising by 7.5% to £8,843 on average, with Aston Barclay saying the continued demand for these vehicles shows their continued importance to remarketing managers, in contrast to the collapse in sales figures for new diesel cars.