The market for ex-fleet cars could become volatile in the coming months as companies wait for the outcome of WLTP, warns Cazana.
Used values of ex-fleet cars remained stable year-on-year in July, which is good news and a reflection of manageable volumes of cars during the month, said Rupert Pontin, director of valuations at the search and indexing engine for used cars.
He added: “This stability is a trend for the year although it is of note that in comparison with June data there has been a two percentage point drop in values and also a drop in the average cost new.
“This could well be symptomatic of a reduction in overall volumes of fleet models returning to market due to apathy in the new fleet market.
“With real staple ‘non-choice’ business cars being churned as normal and users waiting to see the outcome of WLTP, there may be some market volatility ahead in coming months.”
Pontin said there is no doubt there is some pent-up demand in the new car market from fleets due to the impending WLTP changes.