Fleet News

Ex-fleet vehicle values drop in October

Fleet and lease vehicles values dropped in the second half of October due to an increase in volume and reduction in appetite, according to G3 Remarketing.

Matt Dale (pictured), director of G3 Remarketing, commented: “Volumes have increased this month by around 10% as stock eventually filters through from the new 63-plate registrations.

"Volumes are expected to plateau in November, but with overall conversion rates dropping, this will have a detrimental impact on values until early January.

“Average fleet prices are around £8,746, down £251 month and month.  

"Finance vehicles have also declined in value with average prices at £6,531, and decrease of £344.

"There have been some significant drops in the value of nearly new models such as Fiesta, Focus, DS3 and Insignia, with volume outstripping demand.

"In addition, Peugeot RCZ models are performing some 7% behind CAP values on variants, with prices in excess of £14K.

"Higher mileage versions look better value and remain popular to a degree.”

Mileage has seen a significant increase in October, with average mileage now standing at around 57,200 and the average age at 38.2 months.

MPVs have seen a surprise increase in price, with nearly new Zafira Tourers delivering the best returns (around 103% CAP Clean).

The smaller car sector remains fairly buoyant. However, less so with nearly new, higher value vehicles (£6,000-£7,000). 

Cheaper examples such as Clio, Corsa, C1 around £3,000-£4,000 are still commanding good returns – average of 101% CAP Clean. 

However the strong performing 207 models have seen somewhat of a decline, due to volumes especially ‘CC’ variants which have dropped dramatically.

Values for the non-CC variants are around 94.5% CAP Clean, with the CC variants at 89-90% CAP Clean.

Refurbishment spend and ROI - October 2013

Make and Model

Average

Refurbishment

Spend

Average ROI

in Monetary Terms

After Refurbishment

Costs

Percentage

improvement

Vs Cap Clean

Vauxhall Astra

£188

367

6.01%

Vauxhall Corsa

£156

447

9.32%

Ford Fiesta

£175

287

8.56%

Ford Mondeo

£199

409

3.54%

Peugeot 207

£123

312

8.71%

Peugeot 308

£212

442

10.32%

Citroen C1

£180

299

10.06%

Citroen DS3

£213

387

6.16%

VW Passat

£175

419

4.05%

VW Golf

£188

341

4.59%

 

 


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