The interesting development comes because greater volumes of lower-value cars were sold.
Values actually rose in the three key sectors of fleet/lease, PX and nearly-new. This proves there remains a positive relationship between supply and demand. Things are not moving out of kilter.
Values are ahead year-on-year by 3.7 percent… and it is interesting to look back at previous months, for an illustration of how badly the car market was hit back in late 2008.
The difference in February was 6 percent, January’s was 15 percent, and it was a massive 29 percent in December 2009 over December 2008!
Nearly-new values show gains: they improved by 1.4 percent in March 2010 – and this actually takes it to a new record high of £19,197.