Vehicle values remain steady amidst advancing marketplace
Thursday July 13, 2017
Cox Automotive’s wholesale and retail brands saw a year-on-year increase in sold volume throughout June, with a proportional shift in the types of vehicles sold meaning vehicle values have remained steady.
This month, Manheim car auction centres recorded an average mileage of 60,077 for vehicles sold, a figure similar to last month, but down 5.3% from June 2016. Sold volumes were down 6% compared to May, despite showing a year-on-year increase of 3.9%.
There was a larger proportion of sold vehicles in the £10-15k price bracket compared to June 2016, which helped to bring the overall average selling price to £6,114, up 5.2% from last year.