"The market, during the past two weeks, has held up very well with prices remaining high on good quality, low mileage stock. In general, buying power has been much stronger than I anticipated leading up to September 1st new car registrations.
What the market will be like over the next two to three weeks is a bit of an unknown quantity. My feelings are that the low mileage, high spec, good quality vehicles will still command very fair money during September, with the 100,000 mile plus cars becoming even less desirable.
There is anticipation that the auction market could become 'flooded' with contract hire/lease and fleet vehicles and main dealer over-age stock during the next few weeks. If this is the case then we will certainly find buyers 'cherry picking' all the desirable stock whilst 'run of the mill' stock will command only average prices or even return to a “re-entry roundabout” situation.
At present, general Cap Clean figures are encouraging and at this time of year to achieve 95 - 98% Cap overall figure on block disposals is much better than previous years.
September, I feel, is going to be a month where disposal managers will need to scrutinise residual figures, be evermore aware of market prices and react accordingly to each individual vehicle. The vendors' who do this will probably be the most successful."