Fleet News

Escort and Mondeo values strengthen

THE value of Ford Escorts and Mondeos have strengthened as a result of the manufacturer's move to reduce rental supplies, according to both CAP Black Book and Glass's Guide.

Glass's Guide said Ford's change in supply policies had resulted in one and two-year-old Escorts and Mondeos both increasing in value although the move had not affected residuals on older cars. Meanwhile, CAP said Ford's move had resulted in residuals on three-year-old Escorts also increasing by around £200, although there had been no increase in Mondeo residual values for three-year-old vehicles.

CAP chief economist Mark Cowling said: 'Ford is doing a much better job than it has in the past in terms of managing stock and looking at the marketplace and working with the marketplace. With control over one and two-year-old vehicles, prices have been holding up well.' And Arnie Fenn, Glass's chief car editor, said: 'The cutback is having some effect as there is a shortage of vehicles and it will continue to have benefits for those cars up to two years old.'

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