Small hatchback used values rise in November, whilst 4×4 values begin to weaken
Overall average wholesale values in November fell by 1.7% (£122) to £6,848 with the Fleet sector down by 2.4% (£145) to £5,794, Dealer part exchange values increasing by just 0.95% (£21) to £2,369 and Manufacturer stock values falling by 1.5% (£188) to £12,749.
Small Hatchback values in the Fleet sector increased in November by 2.5% (£108) to £4,400 while in the Dealer part exchange sector values increased by 3.2% (£60) to £1,945. Meanwhile the increases in 4×4 values that have been seen since August have finally come to a halt. 4×4 values in the Fleet sector fell by 3.7% (£451) to £11,842 while Dealer part exchanges 4×4 values fell by 5.8% (£327) to £5,283.
Mike Pilkington, managing director, Manheim Remarketing, said: ‘During the last two weeks of November prices and conversions began to ease as we saw the traditional switch of consumer focus from car purchases to Christmas purchases. However we are still witnessing some robust performances from around the auction halls with some very respectable results from some of the specialist and manufacturer sales that have been held in November. The outlook remains stable with stock numbers set to match the demand through December and there is no doubt that more and more buyers now see December as a time to re-stock rather than de-stock.’