Ex-fleet values up 2.1% in August, reports Manheim
Average selling prices for ex-fleet cars and the overall wholesale market at Manheim rose last month, latest figures show.
The average selling prices of ex-fleet cars at Manheim in August rose by 2.1% (£202) to £10,024 while the wholesale average selling price in its physical and online auctions rose 3.0% to £5,779 from July. Average mileage continued to fall, dropping to an average of 61,580 miles on the clock.
Luxury brands sold fastest, in 10.1 days, with prestige marques recording 10.3 days in stock. Volume models took longer to sell at 15.7 days. Average selling prices rose for all types of car, including a 1.0% (£43) increase for volume brands and a 4.2% (£457) rise for prestige brands.
Petrol cars were the quickest to sell, with an average figure of 9.5 days in stock, compared to 15 days in stock for diesel models. Manheim added that it continues to work with trade buyers around the benefits of stocking plug-in vehicles, and electric cars recorded an average of 25.1 days in stock.