Epyx predicting fall in used car values later this year

Fleets are firming up their disposal strategies ahead of a possible fall in values later this year, according to software company Epyx.

The firm is predicting a fall in values later this year supply meet strong demand for used vehicles.

Epyx is expecting the activity to continue into next year. It is predicting that ex-lease cars going to return to the market increasing the supply.

“The feedback we are seeing from fleets is that they don’t expect anything like a slump in values but that values will certainly fall,” said David Goodyear, head of business development at Epyx.

“Fleets are not planning complete revisions of strategies but more of a firming up process design to offset the reductions in values that are widely expected,” said Goodyear. “The current buoyancy in used car values is very much driven by a shortage in stock and, as supply improves, there will undoubtedly be a measured but irresistible slowdown.”