KeeResources’ 2016 RV prediction – 3-5% drop in average used car values/outlook more positive with many pointers to used car value stability

A three to five per cent drop in average used car prices for 2016 onward is the main prediction on residual values (RVs) from KeeResources, a leading provider of automotive data to vehicle manufacturers, retailers and the fleet industry. Managing director, Denis Keenan said: “An extremely buoyant used market, almost by definition, has traditionally been one that is over-cooked in risk terms. As always, the primary used value driver is new car volumes. “Separating the volume growth risk from consideration for a minute, and assuming similar new car sales figures to last year, could we