Ex-fleet values rise in September
The used car market performed strongly in September, with a notable performance in the ex-fleet sector, according to Manheim.
The average ex-fleet sold price rose 15.4% higher than the previous month (£11,582) with average mileage down 9.7% at 32,059. Ex-fleet stock volumes were also up 8.7% month on month (19.9% year-on-year).
Manheim also saw a 16% monthly uplift in the average overall sold price of vehicles through its physical and online car auctions, up from £6,241 in August to £7,271 in September, reflecting a 25.3% uplift year-on-year. Average mileage of vehicles fell 5% to 55,941; down 10.6% year-on-year.
The auction company attributed the strong month to an increase in the quality of vehicles sold and the reductions in average mileage.