Despite the continued constraints in the current economic climate, demand for retail-ready de-fleeted vehicles remains strong, according to Manheim's newest market report of the wholesale vehicle market. The report found that the sector remained steady throughout March, despite a spike in age and mileage. Even with the increased average vehicle age to 52 months and additional average mileage of 2,186 miles, they average selling price dropped a mere 1.5 per cent. It was a similar story at BCA, which reports that fleet and lease cars averaged £8,734 in March, a minor decline of 1.3 per cent compared to the previous month. Year-on-year, the fleet and lease sector has recorded a significant £939 (12 per cent) increase in values, while the average age and mileage were almost static on a month-to-month basis, but down year-on-year. Manheim's March figures reported a 4.2 per cent increase in the average value of vehicles year-on-year, with a number of individual niche performances over the last 12 months. 4x4 vehicles recorded an 11.3 per cent growth in values, while executive vehicles have grown an impressive 21.5 per cent over the same time frame. Darren Wiseman, valuation services manager at Manheim, said: 'The retained retail values of ex-fleet stock going to auction continues to remain strong as we reach the end of [the] first quarter of the year. "Ex-fleet vehicle values have continued to maintain an average value of 35% over the last twelve months, fuelled by strong average selling prices. "Looking forward, fleet managers must ensure their remarketing supply chain is as efficient as possible. Getting cars retail-ready quickly and cost effectively will help them to realise best wholesale values are reached at auction." At IT Fleet Automotive we offer the complete vehicle de-fleet and remarketing package for all sizes of fleets nationwide. With our considerable industry expertise and high standards we are driven by providing our clients with bespoke solutions to meet specific needs, enhancing residual values on a daily basis. If you would like to discuss our services further then please don't hesitate to call our friendly team today on 01473 313057 or drop us a line via our online enquiry form.
