Fleet World Workshop Tools
Car Tax Calculator
CO2 Calculator
Car Comparator
Van Tax Calculator
EV Car Comparator
BiK Rates Company Car Tax

City/small cars & upper-medium values show strong upturn in January

The firm’s data shows that exceptional CAP Clean performances have been seen on the following models:

Small Cars

  • 36+ month-old MINI Cooper D – 115%
  • 24+ month-old Fiesta Titanium petrol – 113%
  • NB – 12+ month-old low mileage Zetec examples performing some 4-6% behind CAP
  • 24+ month-old C1 VT petrol – 121%

Medium Cars

  • 12+ month-old Astra GTC Sri Diesel – 107%
  • 12+ month-old (pre-facelift) examples performing some 5% behind CAP

Upper Medium Cars

  • 36+month-old Laguna Expression estate petrol – 107%
  • Sub-70,000 versions struggling a little and sit some 6% behind CAP
  • 18+ month-old Insignia Sri VX Line Diesel – 106%
  • 12 & 36+ month-old Insignia somewhat behind CAP, especially very low and exceptionally high mileage variants – some 4-8% behind CAP

Sports Cars

  • 24+ month-old RCZ GT Petrol – 104%
  • 3-12 month-old versions hover around 96% CAP

4×4 and SUV

  • 36+ month-old Qashqai DCI N-Tec Diesel – 116%

People Carriers

  • 12+ month-old Zafira Tourer SRI Diesel – 108% – standard, unloved examples performing c8% behind CAP, sometimes more – spec and condition critical

Matt Dale, director of G3 Remarketing, commented: ‘Segment value levels have increased in January 2014. The best performing value markets centred between the £5,600-£5,800 mark. We expect this to remain constant in February.

‘Mileage saw a slight decrease in January, with average mileages around 57,200 and average ages dropping again to 34.3 months. Volumes increased markedly by c13.7%, as contract hire stock found its path through to auction. Volumes are expected to reduce slightly in February, with overall conversion rates rising, as stock remains thin due to the impending March registration.

‘Fleet and lease vehicles values increased in January in line with expectations. Average fleet prices were around £8,640, up £298 month on month. Finance vehicles also increased in value with average prices at £6,130, an increase of £200. I believe the market will continue to remain strong throughout February, as volumes reduce through all channels.’

Figure 1: Refurbishment spend and ROI – January 2014

Make and Model

Average Refurbishment Spend

Average ROI in Monetary Terms After Refurbishment Costs

% Improvement Vs Cap Clean

Vauxhall Astra

£162

372

4.22%

Vauxhall Corsa

£135

355

6.45%

Ford Fiesta

£201

358

5.13%

Ford Mondeo

£195

388

5.01%

Peugeot 207

£202

499

4.12%

Peugeot 308

£133

389

5.33%

Citroen C1

£129

366

6.00%

Citroen DS3

£211

349

4.39%

VW Passat

£190

426

4.01%

VW Golf

£209

495

5.33%

 

 

For more of the latest industry news, click here.

Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.