Fleet and lease values at BCA rose by more than 10% year-on-year in September while average used car values also hit a new record.

Average and fleet values hit a new record in September

Strong trading, both in-lane and online, saw average fleet and lease values climb by £648 (5.7%) compared to the previous month, to reach a new benchmark for the fifth time in 2018.  The retained value against original MRP (Manufacturers Retail Price) improved by one and a half percentage points to 45.47%.  Year-on-year values improved by a substantial £1,093 or 10.1% over the year, with age rising and mileage falling.

Average month-on-month used car values at BCA rose by £184 (1.9%) across the board during September 2018, reaching £9,881, the highest point recorded since the firm’s Pulse report began publishing. Year-on-year values rose by £764, an 8.3% rise over the 12-month period.

Stuart Pearson BCA COO UK Remarketing added: “The buoyant used car market has continued as we enter October with positive reports around retail activity on used vehicles from our very active buyer base. BCA continues to win and retain business and we are delighted that Taggarts, part of the Lookers group, have announced a significant remarketing agreement with BCA in Scotland in recent weeks.”