Fleet remarketing - Page 4

Fleet remarketing data from Motom, Indicata and Liquid Fleet show the appetite for used electric vehicles.

Andy Picton, chief commercial vehicle editor at Glass’s, analyses new and used van market performance in March.

More than 25,000 used vans were delivered to its Manheim Auction Services and Manheim Vehicle Services locations in Q1.

Some used battery electric vehicles and internal combustion engine cars have started to reach price parity, according to new analysis by Indicata.

Scania UK has launched a new sales platform allowing customers to buy a used Scania online for the first time.

The average price of the most popular used cars in Q1 was £17,250 down from £18,957 a year ago – a 9% decline, according to new figures from AA Cars.

The used car market remains stable with demand matching supply, but as more used electric vehicles are defleeted, prices are coming under pressure.

Used light commercial vehicle values remained stable last month at BCA, with buyer engagement and stock mix improving.

Claims for alternators, batteries, coil springs and water pumps were the most common, according to new research from the Warranty Solutions Group.

Andy Picton, chief commercial vehicle editor at Glass’s, analyses the new and used van market as confidence continues to grow.

Dylan Setterfield, head of forecast strategy at Cap HPI, examines the price pressures facing used electric vehicles and how they may fare in the future.

Average mileages for used electric vehicles are increasing, while petrol and diesel cars are travelling fewer miles, according to analysis by Cap HPI.

Latest fleet industry news, including Fleet Assist announces a record 2023 and new, free fleet software launched by FleetCheck.

Zenith reports that average termination profit per vehicle was down by more than a third year-to-date.

For the first time since March 2023, average used car values at three years/60,000 miles showed an increase in February, according to new data from Cap HPI.

Used LCV values bounced back at BCA in January, reaching their highest point since September of last year.

Recent manufacturer-based tactical new car registrations appear to have started to make an impact on the used market.

The latest fleet industry news, including new product launches from Geotab and further consolidation within National Windscreens.

Andy Picton, chief commercial vehicle editor at Glass’s, gives analysis on both the new and used light commercial vehicle market.

However, new data reveals that disposal conversion rates for used electric vehicles were very close to their petrol and diesel equivalents.

Loading the future used car market with greater numbers of electric vehicles will have disastrous consequences for used values, says Simon Harris, head of valuations at UK Vehicle Data.

A record volume of used vans being defleeted, as new vehicle supply increases, has put pressure on prices, according to Cox Automotive.

The UK’s used car market grew by 5.1% in 2023, with 7.24 million vehicles changing hands as an improving new car market re-energised supply.

Average used car values at BCA improved by £679 in January compared to December, representing an increase of 9.8% over the month.

An end to the phase of volatility the used car market saw between October and December 2023 has ended, according to the latest residual value data from Cap HPI.

Used EV prices at remarketing company Aston Barclay have risen for the first time in six quarters as new car buyers turn to the used market for sub-£25,000 EVs.

New data from the SMMT shows what colour cars were bought in 2023, including what was the most popular colour for company cars.

The dynamics that drove demand for used vans in recent years is ‘behind us’, says BCA, with a back-to-basics approach to remarketing now needed.

Andy Picton, chief commercial vehicle editor at Glass’s, looks at the winners and loser in the new and used van market.

Several continuing trends, including the realignment of vehicle values, supply shortages and economic uncertainty are likely to underpin a complex used market.

Since peaking in March, average used car values have declined by more than 22% in the intervening months.

Latest commercial fleet industry news, including small-and medium-sized fleets are seeking to streamline driver and vehicle compliance.

Retail used vehicle values fell by 5.6% on a year-on-year and like-for-like basis last month to £17,064, according to Auto Trader’s Retail Price Index.

Used car sales data reveals price performance of vehicles sold on AA Cars and Autorola platforms.

Used car values at three years, 60,000 miles fell by 2.1% in December, while used EV values are down 40% in the past year.

Aston Barclay has announced the sale-and-leaseback of its Chelmsford, Westbury, Prees Heath and Leeds owned sites.

Significant discounting predicted as manufacturers face slowing retail sales, new regulatory targets, and increased competition from new entrants.

Andy Picton, chief commercial vehicle editor at Glass’s, looks at the performance of the new and used van market.

The BVRLA’s latest Industry Outlook report issues warning of a potential hike in lease rentals for electric vehicles.

Latest fleet industry news, including Sinclair Finance and Leasing extends Fleet Assist SMR contract and Drivetech launches new course.