Average used car value drops 0.6%, but CAP warns of storm clouds ahead - FleetNews
A record September for new car sales, following summer demand that exceeded expectations, could be the calm before the storm, warns CAP. "Early September may well stay relatively steady with regards to value movements, with particular pressure not appearing until the additional volumes start to appear. “With used car volumes being high, and on the increase, and reductions in values so far this year being relatively modest, we are faced with a similar picture to that of last year. "In the final three months of 2014 there was a pricing realignment in the used car market and there is every likelihood that this could happen again, although this time around there is the potential for it to start earlier and still last for the... Values in Black Book Live declined slightly, with average value drops a modest 0. 6% at the three-year/60,000-mile point. City cars suffered from high volumes and new car price pressure, with the Renault Twingo, Smart Fortwo Diesel, Proton Savvy and Vauxhall Agila, the hardest hit. Convertibles saw pressure from the usual seasonal trends, the BMW 1 Series, current Audi S5, and the Smart Fortwo Diesel saw some of the larger percentage drops. Source: www.fleetnews.co.uk
