What affects car and LCV residual Values?

Vehicles depreciate in value at different levels. So what are the major influences on used car and LCV pricing?

Car and LCV residual values

Two professionals analysing data sets on a tablet with data sheets and laptop displayed

Geography

Location matters: for example, while RVs might be struggling in the UK  with high volumes of used cars, they could be up in Italy and France. While in Germany, fuel type demand in the used market may be proving more resistant to change than other locations across Europe.

 

Fuel type

Demand for different fuel types has and will continue to fluctuate over time as legislation and retail demand changes. Today, with alternative fuel vehicles in the news, consumer attitudes are transforming at different rates in each European market.

 

Mileage/Age

Combinations of distance driven and age of vehicle have varying impacts on a vehicle’s RV.

Professional noting information whilst looking at phone

Brand and model

BMW and Volkswagen battle for the largest share of the used car market in Spain, while it’s Renault and Peugeot in France. Past model performance can help identify trends.

 

Segment and body type

SUV, large family car, supermini, small family car: car segment affects a vehicle type’s share of the used car market. And body type – hatchback, estate – makes a difference too.

 

Market trends

EV incentives and diesel penalties, WLTP, falling sales of new cars, the rise of mobility-as-a-service – all of these impact RVs. Understanding the landscape, not just the car, is vital in managing your financial risk.

Six things you gain by monitoring residual values

Contact Us

Please note we are unable to respond to requests from private individuals about vehicle valuations.

* Mandatory


Please note that we can offer our products and services to business customers only. A Glass’s employee will contact you personally and explain the Glass’s products and services to you. The processing of your personal data is based on Article 6 paragraph 1 point b) and point f) GDPR as described in the Glass’s Privacy Policy.