Fleet News

Lower-medium sector sees stronger values

THE lower-medium sector is performing strongly and has enjoyed one of its best month-on-month performances, according to CAP Black Book.

In its editorial, it said: ‘A sample of models on 0202 with 60,000 miles is showing a downward movement of just under 1%, compared with 3.3% last month.

‘For 0404, with 10,000 miles, last month’s fall of 2.3% has reduced to 1% into September. Research confirms that trade demand, fuelled by the need to stock forecourts with retailable cars in the £5,000 to £7,000 range in particular, shows no sign of stopping.

‘Combined with less readily available stock than for some time, this creates the conditions for more stable values. Lower-volume models in this sector, such as Seat Leon and Honda Civic, have seen petrol values rise. Fiat Stilo and Toyota Corolla are enjoying a period of relative stability, as dealers look to expand the choice they offer to customers. This desire is also creating demand for some premium models, such as Audi A3, where higher-mileage examples provide a lower entry price to entice new customers.’

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