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Average ex-fleet car values fall at Manheim

Average ex-fleet car values fall at Manheim

The average price of ex-fleet cars sold by Manheim fell 3.7% to £10,202 last month versus February 2016, although the average selling price of all used cars increased by 4.8% year-on-year.  

The volume of ex-fleet stock rose by 16.7% compared to the same month in 2016, with average mileage falling by 12.6% to 35,098 miles.  

Daren Wiseman, head of valuations at parent company Cox Automotive UK, said: “We saw a very strong start to February, with strong conversion rates in our wholesale channels. Towards the end of the month, we saw slightly more tentative buyer activity as dealers looked ahead to an expected increase in volume in March. We expect to see demand remain stable, with any potential easing in values more likely towards the end of the month and into April.”