09 Feb January De-Fleet Trends
New data from G3 Remarketing shows that there has been a significant upturn in most segments especially city/small and upper medium.
Exceptional CAP Clean performances have been seen on the following models:
· 36+ month-old Mini Cooper D – 115%
· 24+ month-old Fiesta Titanium petrol – 113%
· NB – 12+ month-old low mileage Zetec examples performing some 4-6% behind CAP
· 24+ month-old C1 VT petrol – 121%Medium Cars
· 12+ month-old Astra GTC Sri Diesel – 107%
· 12+ month-old (pre-facelift) examples performing some 5% behind CAPUpper Medium Cars
· 36+month-old Laguna Expression estate petrol – 107%
· Sub 70,000 versions struggling a little and sit some 6% behind CAP
· 18+ month-old Insignia Sri VX Line Diesel – 106%
· 12 & 36+ month-old Insignia somewhat behind CAP, especially very low and exceptionally high mileage variants – some 4-8% behind CAPSports Cars
· 24+ month-old RCZ GT Petrol – 104%
· 3-12 month-old versions hover around 96% CAP4X4 and SUV
· 36+ month-old Qashqai DCI N-Tec Diesel – 116%People Carriers
· 12+ month-old Zafira Tourer SRI Diesel – 108% – standard, unloved examples performing c8% behind CAP, sometimes more – spec and condition critical
Matt Dale, Director of G3 Remarketing comments: “Segment value levels have increased in January 2014. The best performing value markets centred between the £5,600-£5,800 mark. We expect this to remain constant in February.
“Mileage saw a slight decrease in January, with average mileages around 57,200 and average ages dropping again to 34.3 months. Volumes increased markedly by c13.7%, as contract hire stock found its path through to auction. Volumes are expected to reduce slightly in February, with overall conversion rates rising, as stock remains thin due to the impending March registration.
“Fleet and lease vehicles values increased in January in line with expectations. Average fleet prices were around £8,640, up £298 month on month. Finance vehicles also increased in value with average prices at £6,130, an increase of £200. I believe the market will continue to remain strong throughout February, as volumes reduce through all channels.”
Figure 1: Refurbishment spend and ROI – January 2014
|Make and Model||Average Refurbishment Spend||Average ROI in Monetary Terms After Refurbishment Costs||% Improvement Vs Cap Clean|