Good trade demand for ex-fleet used cars during May, particularly for petrol cars, led to an average value drop of just 0.9% (£210) for a three year, 60,000 mile car, according to Cap HPI.
Petrol-engined cars reduced by just 0.4% or £135. Diesel continued to split further away from petrol for the fifth consecutive month and fell by -1.1% or c.£210.
In contrast, the average value of used battery electric vehicles at 3yr/60k continued to fall at the fastest pace, with May's 3.6% or £785 drop marking the 21st consecutive month of falls for pure electric cars.
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An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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