Fleet and lease values hit new record
Continued buyer demand led to a new record for fleet and lease used car stock at BCA in April.
The figure of £11,137 was up 6.3% (£664) year-on-year with age and mileage declining, and saw a marginal 0.1% (£15) increase compared to March, with retained value against original MRP (Manufacturers Retail Price) falling slightly to 44.08%.
April also saw dealer part-exchange prices increase sharply and values also increased for nearly-new vehicles. Despite this, the headline average value declined to £9,584, a fall of 0.8% (£84) compared to March, caused by a changing model mix as dealer volumes increased. Year-on-year, average values are up by £494, a 5.4% rise.
Looking ahead, Stuart Pearson, newly appointed BCA COO UK Remarketing, said: “Whilst demand traditionally softens into the summer months, we are continuing to see inventory, attendance and bidding activity at increased levels and therefore we anticipate that average values will remain stable, driven by the high quality of stock that we offer.”