Fleet and lease values hit new high
Average values for fleet and lease vehicles reached record levels at BCA in December 2019, marking the third time in four months that BCA has reported a record value for fleet stock.
The data shows fleet and lease values averaged £12,437 last month; up by 5.5% (£647) despite increases in both average age and mileage. The retained value against original MRP (Manufacturers Retail Price) averaged 42.4%, down by 1.8 percentage points, year-on-year.
The headline figure fell slightly, down 1.2% (£126) year on year, the result of a shift in model mix due to an increased percentage of dealer part-ex vehicles sold during the month. despite average age and mileage rising by 3.4 months and nearly 2,500 miles respectively.
Stuart Pearson BCA, COO UK remarketing, commented: “Professional buyers were very active throughout December, building forecourt stock for the new year and this strong demand carried on over the festive season. Retail conditions for used vehicles remained very positive throughout December and as a result, BCA staged a very successful programme of incremental sales between Christmas and the new year at BCA Blackbushe, Manchester, Nottingham, Measham and Brighouse, along with a number of specialist digital events.”
BCA has also reported strong demand for the start of 2020, with “significant activity across the board for the widest range of stock during the early days of the new year”.