Fleet News

Roller-coaster ride will prevail as RVs fluctuate from highs to lows

rollercoaster

Rarely has the phrase ‘fix the roof while the sun shines’ been more appropriate for the leasing sector than in the tumultuous months following Covid-19 lockdown.

After a three-month freeze in used car disposals from mid-March to the end of June, residual values (RVs) have been exceptionally strong ever since dealers were allowed to open again at different times during July. 

While pent-up demand explained the buoyancy of the first month, the continued positivity in the market has caught price guides and vendors by surprise, leading to windfall profits as cars exceeded their original RV forecasts. 

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