BCA notes interesting developments in fleet sector in half-year data
BCA's half-year report shows that fleet & lease cars outperformed the market significantly in terms of price, setting a record average value in the first half of 2010 of £7,500.
However, while BCA notes that the overall average age and mileage of cars sold rose during the recession, it adds that drilling in to the fleet & lease data reveals an interesting development. The average age of fleet cars when they were sold actually reduced throughout the back end of 2008 and throughout 2009. In fact, age only began to rise in 2010 – reaching its highest point in the past 30 months.
BCA also pointed out a downward trend for fleet & lease mileage at remarketing over the past 30 months – fleet & lease cars sold by BCA are covering around a 1,000 miles less in 2010 than they were in 2008. The company said that this could be due to reduced business mileage for company car drivers, alongside some self-imposed "private mileage" cutbacks as fuel prices rose.