June pre-regs surge 10.8% as dealers clear stock before quarter-end

Pre-registrations jumped 10.8% in June as dealers chased half-year bonuses and manufacturers cleared stock before quarter-end, adding near-new metal to the used market at a discount. That matters for residuals: more of these registrations mean more "nearly new" cars competing with your fleet's disposals a few months down the line. For context on pricing pressure, Cox Automotive's US data shows average used-vehicle listings topping $27,000 for the first time since 2023, even as supply crept up - a US market read only, with no direct bearing on UK RVs yet. Worth watching whether similar dynamics show up in UK data. (Cox Automotive)