Fleet and lease and overall average values continued to rise in October, hitting new record levels for sectors according to BCA.

BCA Pulse – values continue to rise in October

Within the fleet and lease sector, average values rose for the fourth consecutive month to reach to £10,856 – up 0.7% (£78) and marking the third month running for new record levels. Retained value against original MRP (Manufacturers Retail Price) fell slightly to 43.16%. Year-on-year values were up by £620 (6.0%), as both average age and mileage continued to reduce.

Average values climbed by 2.7% (£247) to £9,364 – setting another record – following another strong trading month despite the usual seasonal fluctuations around the October half-term school holidays. Year-on-year, the headline figure was up by £773 – equivalent to an 8.9% increase in average values. BCA also reported record traffic for Live Online in the first week of October and sales penetration rising to 28% across the board.

Stuart Pearson, BCA MD UK remarketing, commented: “As we approach the end of 2017, many dealers will often start to build stock levels in readiness for the typically busy first quarter of the New Year. BCA is anticipating a healthy supply from all sectors throughout December and has a busy program that will keep stock churning for our vendors and buyer interest fuelled.”