9:16 am, January 13, 2016
PART-exchanged cars selling at Manheim’s auctions in December sold for an average of 3.9 per cent (£131) more than the same month in 2014.
The vehicles recorded an average selling price of £3,514 – despite an increase of nine per cent in Manheim’s overall used car volume.
Compared to November, average values fell slightly by 2.1 per cent (£75), likely to be predominantly related to part-exchange stock sold in December being an average of two months older, with over 1,500 more miles on the clock.
MPVs were the only vehicle segment to buck this monthly trend, with the average selling price rising by 3.5 per cent (£147).
Year-on-year, average selling prices were up in eight out of 10 vehicle segments, with 4×4 values up by 6.7 per cent (£509); executive car prices increasing by 7.4 per cent (£456) and a rise – somewhat unusually for the season – in coupe values of 4.8 per cent (£269). The milder weather seen in December may well be responsible for the strong performance of the latter.
The average age and mileage of Manheim’s part-exchange stock remained fairly static year-on-year, indicating a strong market for its dealer vendors.
Daren Wiseman, valuation services manager at Manheim, said: ‘December was another good month for our dealer vendors.
‘The fact that age and mileage profile is largely unchanged from 2014, but the average selling price is almost four per cent higher, demonstrates the quality of the stock and the buyer base that Manheim is able to attract.’
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