The average price of used cars in the fleet
sector fell 1.2%, month-on-month, in May, according to the latest
Manheim Market Analysis report.

By vehicle segment, the largest price
fluctuations were recorded in MPVs, down 10% (£693 to £6,011), and
Coupes, up 6.5% (£727 to £11,832), compared to April.

Research from the automotive services
company also revealed wholesale values were up 4.6% in May
year-on-year, but were down 5.1% from the previous month. The
average age of used cars remained the same at 50 months and average
mileage increased by 644 miles to 59,687.

Daren Wiseman, valuation services general
manager at Manheim Auctions said: “The fall in fleet values of 1.2%
is surprisingly encouraging with market and economic pressures
still present. This fall in values represents no more than the
seasonal norm and must be seen as a positive in such a challenging
trading environment.”