Fiat Professional Commercial Vehicles Outperform UK Guide Values
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SLOUGH, UNITED KINGDOM – June 19, 2009: Fiat Professional commercial vehicles reinforced its strong showing in the used vehicle market last week during an auction at BCA Measham. ‘Hammer’ prices significantly outperformed CAP valuations, with an overall average of 124.4% of the guide values.
A number of Fiat Professional products including; Doblo Cargo, Ducato Maxi, Ducato 33, Fiorino Cargo and Scudo were offered, with all entries attracting brisk bidding both in the hall and live online.
The results versus CAP ‘clean’ per model version were as follows:
Simon Wheeler, Fiat Group Used Vehicle Remarketing Manager says: “These prices reflect growing demand in the market place for Fiat Professional products, and an increasing trend for dealers to purchase vehicles at significantly higher than trade guide prices. The Fiat brand has had a tremendous boost over the last couple of years, instilling greater confidence across all our market sectors. We are working closely with the major used vehicle valuation guides to encourage sensible forecasts going forward that reflect these market trends. A significant and growing number of corporate business fleets are now selecting Fiat Professional products as their first choice vehicles. With residual value performance improving almost weekly right now, linked to some of the best products in the industry, they can rest assured they are making the right decisions.”