The latest Manheim Market Analysis reports that average used car values in the Fleet sector have increased by 4.4% (£285 to £6,712) in April with strong performances in the Compact Executive and Coupe segments. Compact Executives vehicles were up 7.8% (£660 to £9,162) and Coupes increased 10.8% (£1,082 to £11,105). Overall average wholesale values were up 3.7% (£265 to £7,501) when compared with March and up 6.9% (£482) when compared with the same period last year.
Other increases in April in the Fleet sector include Medium Family up 4.0% (£236 to £6,145), and Executives up 3.5% (£352 to £10,329). Significant falls in average values were experienced by MPVs, down 7.7% (£561 to £6,704) and 4x4s, down 11.6% (£1,433 to £10,967).
Daren Wiseman, valuation services general manager, Manheim Auctions said: “Despite the anticipated increase in volumes arriving through April prices remained stable across most sectors. The sector clearly under most pressure is 4x4 with all but the most desirable examples attracting minimal interest this pressure on 4x4 values has no doubt been compounded by the mild winter weather we have experienced.”