Conference report: Speaking during the VRA’s panel session, managing editor of Glass’s, Adrian Rushmore, noted that prices of used fleet vehicles had risen by a below-inflationary average of around £100 per year.
He told delegates: “A typical ex-fleet car price went up £100 in each of the last 10 years – that’s not great and it’s not keeping up with inflation. Are we going to see more of the same this year? I think we are.”
MD of Manheim Remarketing, Mike Pilkington, claimed that current modest price rises aren’t anything to be afraid of, as most vehicles entering the used market are now older, with higher mileage and potentially in worse condition, therefore fleets are getting better value for their defleeted stock: “£100 for a fleet car year-on-year – that’s for an older car and a higher mileage one, which isn’t bad.”
