Data from Manheim's monthly Market Analysis reveals the average price of a de-fleeted vehicle at its own auctions increased by £1,056 in the last 12 months. Last month, the average price of an ex-fleet car was £6,617 _ 19 per cent higher than the average figure in December 2011 of £5,561. Mike Pilkington, chief strategy officer at Manheim, believes it has been a good time for sellers with the reduced age and mileage of vehicles at auction, although 2013 represents a new challenge for leasing companies. "The past 12 months have been good for leasing companies looking to gain best value for their de-fleet stock," he said. "It's largely been a seller's market and residual values have been strong. However, looking ahead to 2013 the big challenges will centre around supply versus demand. "While all the indicators point to another good year for vendors in 2013, those leasing companies and manufacturers which can meet supply demands will achieve the best values for vehicles." Delving deeper into Manheim's Market Analysis reveals that last month saw selling prices increase in seven of the 10 vehicle niches covered in the study. 4x4s fared the best in December, with its ex-fleet cars increasing in value by 15.5 per cent over the festive period, along with mini-MPV models whose values also increased by 14.1 per cent. By contrast, the value of superminis declined by 8.8 per cent, reflecting an average increase of five months in vehicle age and 1,356 miles in mileage when compared to November. The fact ex-fleet vehicles are so readily sought-after is also a credit to vehicle remarketing firms, like ourselves at IT Fleet Automotive, who work hard to refurbish and restore de-fleeted vehicles to an excellent standard. Within the IT Fleet workshop we have invested heavily in industry-leading techniques and technology to assist our team in providing cost-effective repair and refurbishment to fleet vehicles. If you are keen to see what we can do for your fleet, don't hesitate to call our friendly team today on 01473 313057 or write to us with your query using our online enquiry form.
