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NOVEMBER 9, 2022 • RDS DUBLIN
GETTING IRELAND READY FOR THE RAPID SHIFT TO E MOBILITY
André Dias Chief Technology Officer and Founder, Daloop Alex Gilbert Head of Energy & Electrification within Commercial Development at Transport for London
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Average mileage of ex-fleet cars drops while ex-rentals increase in age
Research from the UK indicates that since Covid-19, the average mileage of ex-fleet cars coming up for auction has decreased.
According to Aston Barclay, while the average age of the vehicles being auctioned was remaining constant at 41 months, the average mileage of ex-fleet cars had dropped from 43,000 miles (69,200km) to 33,900 miles (54,500km), a fall of 21.1%.
The shortage of new and used cars is reflected in an increase of 39.6% in the average price of cars being auctioned since the pandemic, from £10,938 (approx €12,470) in the second quarter of 2020, to £15,278 (€17,400) in Q2 2022.
The data also revealed that rental companies are having to keep cars for significantly longer due to a shortage of new vehicles. Instead of being auctioned on at 18 months old with 20,000 miles (32,000km) on the clock, the average age of ex-rental cars was now four years and 62,600 miles (100,00km),
“The data shows that in a relatively short space of time that many of the used car sectors have changed dramatically, particularly at the late and low and budget ends of the market. Ex-rental used cars are now competing with ex-fleet cars at auction while the younger part exchanges have also increased closer to pre-pandemic fleet sector prices,” explained Mark Hankey, Aston Barclay’s Chief Revenue Officer.
“It’s a lot to take in but basically competition has increased in the mid-sector of the used market. All those cars are now chasing the same buyers,” he added.
