Manheim Remarketing’s latest Market Analysis for Cars reports that in November average used wholesale values of Small Hatchbacks in both the Fleet and Dealer part exchange sectors gained ground while values of 4x4s experienced their first decline since August. Overall average wholesale values in November fell by 1.7% (£122) to £6,848 with the Fleet sector down by 2.4% (£145) to £5,794, Dealer part exchange values increasing by just 0.95% (£21) to £2,369 and Manufacturer stock values falling by 1.5% (£188) to £12,749.
Small Hatchback values in the Fleet sector increased in November by 2.5% (£108) to £4,400 while in the Dealer part exchange sector values increased by 3.2% (£60) to £1,945. Meanwhile the increases in 4x4 values that have been seen since August have finally come to a halt. 4x4 values in the Fleet sector fell by 3.7% (£451) to £11,842 while Dealer part exchanges 4x4 values fell by 5.8% (£327) to £5,283.
Mike Pilkington, managing director, Manheim Remarketing said: “During the last two weeks of November prices and conversions began to ease as we saw the traditional switch of consumer focus from car purchases to Christmas purchases. However we are still witnessing some robust performances from around the auction halls with some very respectable results from some of the specialist and manufacturer sales that have been held in November. The outlook remains stable with stock numbers set to match the demand through December and there is no doubt that more and more buyers now see December as a time to re-stock rather than de-stock.”