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Values of dealer part exchanges flatten

The latest Manheim Market Analysis reports that the overall average selling price of dealer part exchange vehicles remained static at £2,456 in April. 

Average age was one month lower at 98 months and average mileage fell by just 615 miles to 75,007.

Overall average wholesale values were up 3.7% (£265 to £7,501) when compared with March and up 6.9% (£482) when compared with the same period last year.

Although the overall average value remained static there were some significant movements in values within some vehicle segments, said Manheim.

Average values of superminis fell 2.3% (£39 to £1,627) while small hatchbacks increased by 2.0% (£41 to £2,068); large family fell 7.6% (£148 to £1,807) and compact executive increased 9.9% (£311 to £3,449).

Daren Wiseman, valuation services general manager at Manheim Auctions said: “Values in the dealer part exchange sector have been subject to a number of market pressures including – increasing volumes, steady rather than buoyant retail demand and a lack of consumer confidence driven by gloomy economic forecasts.

"Prices however have held up as well as could be expected under these difficult circumstances and we are now witnessing an increasing appetite and interest from wholesale buyers in this sector.”

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