Average fleet prices fell by £201 month-on-month in November to £8,545, according to new data from G3 Remarketing. Finance vehicles also experienced a decline in value, with average prices standing at £6,338, a decrease of £207 month-on-month. Average vehicle mileage saw a slight increase last month at 58,600 miles with average vehicle ages of 37.8 months. The newest data also shows that 4x4 fleets are beginning to realise the seasonal trends and as a result prices are on the rise with an expected leap in value at the turn of the New Year. The smaller car sector remains most buoyant, with the exclusion of nearly-new vehicles (0-9 months old). This segment is performing around the 99 per cent mark of CAP Clean with smaller, diesel examples exceeding 100 per cent on a regular basis. Volumes have increased this month by around three per cent, with contract hire stock finding its path through to auction. Volumes are expected to fall this month, but with overall conversion rates declining this will have a detrimental impact on values until early January. Matt Dale, director of G3 Remarketing, said: "Segment value levels have dropped as the market continues to cool. In November, the best performing markets appear to centre below the £5,000 mark, as dealers continue to try and appeal to cost conscious motorists, especially now we are in the run-up to Christmas. "There continues to be some significant difficulties relating nearly new models, such as the Fiesta and Focus, with volume outstripping demand. "In addition, C3 Picasso models are performing some 10 per cent behind CAP values on most variants. Higher mileage versions look better value and remain popular to a degree, but are very much condition critical."
