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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.

Fleet & lease values at BCA rose to £11,137, the highest point on record, in April

Fleet & lease values at BCA rose to £11,137, the highest point on record, 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.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.