Fleet News

Auction values drop 5%

Fleet vehicles going through the auction halls saw their average values fall by 5% in June.

Analysis from Manheim saw the average selling price drop by £282 to £5,562 – a fall in retained new value from 37% in May to 35% in June.

However, year-on-year average fleet prices in June 2007 are £367 ahead of the same period last year, and 2% ahead on retained cost.

Rob Barr, Manheim’s communications director, said: “We have been reporting how strong the overall car market has been for the last year and, even against two consecutive months of falling prices, the market is still very stable and demand remains strong for the right stock.

“It is really only the poorer condition and very high mileage cars which are struggling.”

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