{"id":3759,"date":"2016-07-14T11:04:21","date_gmt":"2016-07-14T11:04:21","guid":{"rendered":"https:\/\/dev.lnetdev.uk\/thevra2026\/?p=3759"},"modified":"2016-07-14T11:04:21","modified_gmt":"2016-07-14T11:04:21","slug":"ex-fleet-cars-boost-wholesale-market-june-reveals-manheim","status":"publish","type":"post","link":"https:\/\/dev.lnetdev.uk\/thevra2026\/ex-fleet-cars-boost-wholesale-market-june-reveals-manheim\/","title":{"rendered":"Ex-fleet cars boost wholesale market in June, reveals Manheim"},"content":{"rendered":"<div data-ads-body-copy=\"true\" data-ads-first=\"2\" data-ads-every=\"3\">\n<h3>A 14.1% increase in wholesale prices for ex-fleet cars drove a 9.4% overall rise in the price of used cars sold at auction during June, Manheim has revealed.<\/h3>\n<p>The average price of a used car rose to \u00a35,918, with the wholesale price for ex-fleet cars averaging \u00a310,580 during the month.<\/p>\n<p>Ex-fleet cars sold by Manheim in June also had the lowest average mileage the company has recorded in its auctions, with an average odometer reading of 39,544.<\/p>\n<p>Motors.co.uk, also a Cox Automotive brand, saw the average retail selling price fall slightly by 1.7% in June, however, following the strong growth seen in the previous month.<\/p>\n<p>A statement issued by Motors.co.uk revealed: \u201cThe average price of a car sold on Motors.co.uk was \u00a312,465, with lower month-on-month prices recorded for luxury (down 0.6%), prestige (down 7.8%) and volume brands (down 4.8%).\u201d<\/p>\n<p>It added: \u201cThe softening of the retail market in June may well have been attributable to the EU referendum and the uncertainty that it created in the market, both in the run-up to the vote and immediately after the result was announced.<\/p>\n<p>\u201cThe overall wholesale market was more bullish in June, with average selling prices rising month-on-month for luxury (up 20.1%), prestige (up 14.6%) and volume (up 2.3%) marques.<\/p>\n<p>\u201cYounger, lower mileage ex-fleet stock was in higher demand than part-exchange dealer stock, for which average selling prices fell slightly by 2.5%.\u201d<\/p>\n<p>Demand in Manheim\u2019s auctions remained strong for both diesel and petrol cars, with the average selling price for diesels up 10.9% compared to May and the same figure for petrol cars rising by 4%.<\/p>\n<p>In the retail market, data from Motors.co.uk showed a slight softening for all fuel types, including hybrid and electric cars, which perhaps reflected contracting consumer confidence in the run up to the EU referendum.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A 14.1% increase in wholesale prices for ex-fleet cars drove <a class=\"moretag btn btn-primary\" href=\"https:\/\/dev.lnetdev.uk\/thevra2026\/ex-fleet-cars-boost-wholesale-market-june-reveals-manheim\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":4,"featured_media":2966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37,159],"tags":[27,249,134],"class_list":["post-3759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","category-vra-member-news","tag-average-car-values","tag-ex-fleet-cars","tag-manheim"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/3759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/comments?post=3759"}],"version-history":[{"count":0,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/3759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/media?parent=3759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/categories?post=3759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/tags?post=3759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}