Fleet News

Ex-fleet residual values fall

THE values of three-year-old end-of-contract fleet cars across Europe are on the decline, a new study suggests.

EurotaxGlass's European Fleet Index compares residual values for each Euro currency country and latest figures show that residuals among three-year-old cars over the past 12 months have fallen slightly by 0.1%.

However, the general European trend in the three months to October was for values to decline more sharply, falling by an average 0.5%.

EurotaxGlass's (International) chief executive officer, Kevin Gaskell, said: 'The EurotaxGlass's European fleet index of residual prices shows how important it is today to have the full transparency in the European car market.

'The international variance of residual values can have a big financial impact on fleets if fleet managers and controllers take it into account in their daily work and leverage the fleet management on a European basis.'

The report found that with the exception of the executive segment, the average movements in each segment are relatively small.

It added: 'In the small segment, the Citroen Saxo continues to be the worst performer by far, with both petrol and diesel variants dropping by more than 10% since last year. In this segment diesels are performing better, particularly the Fiat Punto, Peugeot 206, SEAT Ibiza and VW Polo.'

It found that in the lower medium segment the Opel Astra, Audi A3 and VW Golf are the best performers but both petrol and diesel versions of the Ford Focus, Citroen Xsara, Peugeot 306, Renault Megane and Toyota Corolla are all declining.

In the upper medium segment, it found that the prestige models continue to lead the way, with the Audi A4, BMW 3-series and Mercedes-Benz C-class showing positive trends. It added that the values for the Ford Mondeo, Nissan Primera and Renault Laguna were all declining.

On the executive segment, the study's findings show the largest disparity between petrol and diesel models, with all diesel values moving forward, particularly Opel Omega, but only petrol Audi A6 showing a positive trend among the petrol models.

Residual Value changes
Country last 12 months last three months
Austria 0.7% 2.2%
Belgium 4.8% -1.7%
France 0.1% -1.2%
Germany 1.5% 1.3%
Hungary 1.7% 0.7%
Italy -3.0% -2.2%
Poland -3.2% 5.6%
Portugal 3.3% -2.0%
Spain 4.6% 0.5%
Switzerland 1.3% 1.2%
Czech Rep 2.9% 1.8%
Netherlands 3.9% -2.2%
UK -7.1% -3.5%
West Europe 0.1% -0.5%
Source: EurotaxGlass's European Fleet Index

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