Half-year targets push UK pre-reg volumes up 10.8%, says Brego

UK pre-reg volumes rose 10.8% in June compared with May, according to Brego's June Car Market Insight report [https://brego.io/market-updates], which says dealers were being pushed by manufacturers to meet half-year targets and earn volume bonuses, 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)