Fleet News

Manheim sees buoyant market

FLEET sales at Manheim are averaging conversion rates of between 70% to 80% with average CAP clean figures of 103% to 104%.

The market remains buoyant according to the auction company, with demand for sales up for the third quarter of the year.

Andrew Shepherd, senior group auctioneer, says the market is strong and quality stock is proving difficult to find, which is pushing prices skywards.

He said: 'We have a situation of demand outstripping supply once again, which is something we haven't seen since February or March of this year. The stock situation really seems to be tightening up with many vendors reporting that volumes are declining. Should this situation carry on over the coming months then this present market could continue through to December.'

The used car market has been a success story throughout the year. The first quarter started off promising with used car sales up 13.5% according to the Society of Motor Manufacturers and Traders (SMMT) figures.

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