Fleet News

There's a cloud over the silver lining

EVERY cloud has a silver lining - but not in the used car market where silver overkill is threatening to reduce the future values of cars chosen in today's most fashionable colour by up to £500. CAP Motor Research says this week that an analysis of colours of manufacturer models sold showed that up to 40% of some lines were being bought new in silver. While silver is particularly popular with prestige brands, it is also now proving a favourite with buyers of the 'bread and butter' family car.

Previously, on some top brands a silver car could command a premium of £300 in the used market, says Mark Norman, editor of CAP's 'Monitor - Future Residual Values. However, its increasing popularity could mean not only the premium disappearing but could bring a further reduction of about £200 in residual value, potentially costing fleets about £500.

He adds: 'Silver looks superb on new cars, especially as most are displayed inside showrooms with lighting designed to show them to their best advantage. However, standing outside with a few years' wear and tear, the same cars tend to look much less appealing. Fleet managers should not over-expose their fleet to any one particular colour. Fashions can change.'

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