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4×4 values increase as small hatchback values fall in August, according to Manheim

By / 7 years ago / Latest News / No Comments

In August, while overall average values fell by just 0.4% (£29) to £6,559, 4×4 values in the Fleet sector increased by 3.3% (£369) to £11,424 and 4×4 part exchange values increased by 2.4% (£113) to £4,804. Meanwhile values of Fleet Small Hatchbacks fell by 3.2% (£144) to £4,311, Dealer part exchange Small Hatchbacks fell by 2.5% (£47) to £1,811 and Manufacturer Small Hatchbacks fell by 2.6% (£211) to £7,999.

 Overall values in the Fleet sector increased by 0.7% (£40) to £5,945, Dealer part exchange values fell by 4.1% (£94) to £2,212 while Manufacturer stock values decreased by 1.1% (£130) to £11,386.

Examples of increases in average values for the Fleet sector in August include Medium Family up 1.0% (£54) to £5,458, Large Family up 1.5% (£69) to £4,695, Executive up 3.6% (£329) to £9,550 and Mini-MPV up 1.7% (£78) to £4,716. Manufacturer stock Superminis increased by 6.8% (£347) to £5,435 and Compact Executives increased by 3.9% (£466) to £12,306.

Notable examples of decreases in average values in the Fleet sector include Superminis down 6.4% (£251) to £3,656 and Compact Executive down 2.9% (£226) to £7,590. Dealer part exchange Medium Family fell by 1.4% (£30) to £2,141 and Large Family fell by 9.3% (£163) to £1,585. Falls in Manufacturer stock values include Medium Family down 9.6% (£894) to £8,384 and Large Family down 6.6% (£766) to £10,871.

Mike Pilkington (Inset), managing director, Manheim Remarketing said: ‘We have witnessed some strong sales results through August in no small part due to the shortage of quality retail stock throughout the month.

‘The demand for 4×4 stock has also started to move early this year with memories of the harsh winter of 2010 still obviously set firm in the minds of consumers and dealers alike. The outlook remains a cautious one with the traditional increase in stock levels anticipated and matched against steady, as opposed to buoyant retail demand.’

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