HOT

• Ferrari values have been strong for some time now, and this month is no exception. Stock is low and dealers are eager to buy which is why many values have remained static or gone up over the past 6 months. 360, F430 and the older “future classics” such as 355 are the strongest performers.

• The Jaguar XKR (old model ending 2006) is another “future classic”  where values are showing great strength of late. With the sheer choice of cars now available on the used market (due to the rampant expansion of most prestige manufacturers product portfolios) it can be easy to overlook model ranges. Like the 6 series last month, old XKR values looks set for a period of stability.

• The prestige 4×4 market traditionally struggles during the summer months. However with August round the corner, the trade will be looking to buy more product, with increasing confidence for the peak selling months to follow. The “back to school” trend and the hope for more inclement weather in autumn and winter should see values outperform until the turn of the year at least.

NOT

• Back in May we suggested without a decent stretch of summer weather that convertible prices were likely to have peaked already (as has happened in recent years). Who would have thought back then that this summer would turn out to be the best since 2006? Well it is, and due to this convertible values have hung on longer than might have been expected. With the long-aterm weather forecast looking good well into August, values are likely to behave better than predicted. However this relative strength now, normally means more pain later, so timing will remain crucial.

• Fleet fodder is a term you hear often in auction halls up and down the country and even though manufacturers have grown their product portfolio they cannot eradicate these “volume” models. These are the cars where values struggle more than the norm, because higher supply, means more competition when selling, which usually adds up to a lower margin.  The usual suspects are the Audi A4, BMW 3 series and Mercedes C Class 2.0tdi SE and “Sport” models, but in the past 4 weeks the A3 1.6Tdi Sport joins the list with a very high number of 12/12 plates. Worth noting…

• The Range Rover Evoque Coupe (3dr) may well cost £1000 more than a 5dr on the price list, but on the used market this less practical version is usually worth parity at best (and usually less) as a used car.