Manheim market analysis shows August average prices down 1.7%

Manheim’s latest monthly Market Analysis report shows that, at £6,068, the average selling price was only 1.7% (£103) down in August compared with July. The fall compares with a much larger 6.3% (£413) month-on-month fall in July. August Market Analysis also shows that conversion rates have improved slightly - the first month-on-month improvement since February.

While the average month-on-month selling price in the majority of vehicle segments within each of the Fleet, Dealer and Manufacturer sectors decreased, there were some notable exceptions. In the Fleet sector the average selling price of Medium Family vehicles increased by 2.1% (£102) and more surprisingly, the Off Roader sector increased by 1.4% (£127).

In both Fleet and Dealer sectors, average values fell less than during the previous month but values in the Manufacturing sector saw a steeper decline than reported in July. In the Fleet sector average month-on-month values fell by 2.1% (£106) compared with a fall of 8.0% (£444) in July, while in the Dealer sector average month-on-month values fell by 3.7% (£67) compared with a fall of 5.6% (£106) in the previous month. The Manufacturing sector saw a further month-on-month drop of 2.2% (£234) compared with a fall of just 0.8% (£84) in July.

Commenting on the August report, Mike Pilkington, Managing Director, Manheim Auctions & Remarketing said: “The August market is traditionally a quieter month for wholesale activity and although there are more positive signs than have been evident in recent months, caution must be exercised in drawing too many conclusions about market stability from one month’s figures.”