Values outperforming

Time 8:45 am, August 9, 2012

THE average selling price of dealer part exchange vehicles is up year-on-year and month-on-month, reveals the Manheim Market Analysis.

The average price was more than seven per cent higher this year in comparison with last July, and this was despite a marginal increase in both vehicle age and mileage.

Additionally, following June’s big fall in year-on-year volume, July looked healthy with a year-on-year volume variance of plus two per cent.

Looking at the monthly figures in more detail, the overall average selling price of dealer part exchange vehicles rose by 4.3 per cent in July, from £2,374 in June. This is reflective of a fall in both average age and average mileage, says Manehim.

The average selling price rose for all but one of the ten vehicle segments considered, with 4×4 vehicles the only segment to show a fall from June values. However, this fall was coupled with a significant increase in average mileage of 2,493 miles. All segments, including 4×4 vehicles, are up on their 2011 values.

Daren Wiseman, valuation services manager at Manheim Auctions, said: ‘At the start of the year, there was a great deal of uncertainty about what impact national events such as the Jubilee, Euro Championships and Olympics would have on dealer forecourt traffic.

‘However, the latest market analysis figures seem to show a fairly buoyant market, especially in comparison with the wider retail landscape.

‘We’re seeing dealers take a more flexible approach when it comes to selecting the marque and make of vehicle they put out on their forecourts to attract interest but, inevitably, age and mileage still matter – especially in relation to the quality of the vehicle. And, while quality stock remains in short supply, we are likely to see average values continue to rise.’

James Batchelor's avatar

James – or Batch as he’s known – started at Car Dealer in 2010, first as the work experience boy, eventually becoming editor in 2013. He worked for Auto Express as editor-at-large and was the face of Carbuyer’s YouTube reviews. In 2020, he went freelance and now writes for a number of national titles and contributes regularly to Car Dealer. In October 2021 he became Car Dealer's associate editor.

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