Fleet News

Guides warn of lower RVs on core fleet models

BRITAIN'S two leading used car price guides have warned against the continuation of current 'bullish' used car prices as thousands of ex-fleet cars reach the secondhand market. CAP Black Book said it remained to be seen whether the present values would last, and Glass's Guide said it expected September to be the last month where values remained fairly buoyant along with strong retail demand.

P-plate 1996 models have virtually disappeared from used car forecourts and have been replaced with 1997 examples, but, says CAP, with new R-plate cars now on the road P-plate cars no longer have the same appeal. CAP also says values of three to four-year-old cars have eased across the board, even though finding good examples is difficult.

That view is reflected by Glass's which says: 'The main weakness in values concerns the latest bread and butter models, particularly if they are available in large numbers with above average mileages. The main strength in values is where niche models are hard to find, particularly those cars from the traditional European specialist manufacturers.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee