Fleet and lease values hit record high
Year-on-year, the fleet and lease sector again posted double digit improvements of 10.3%, the fourth month in a row this has happened.
CAP performance rose by a point to 98.44% compared to August, with average age and mileage falling slightly. Performance against original MRP (Manufacturers Retail Price) improved by over a point to 42.05% across the fleet & lease sector.
BCA Communications Director Tony Gannon said: ‘There is no question that September enjoyed higher levels of demand than we had seen since the spring months resulting in record breaking average values, but it is important to place these figures in context. With stock remaining thin on the ground, buyer demand is focused on the best quality vehicles – the Condition 1 and 2 cars – and this is driving values up. Over the coming weeks, we expect to see some pressure on values as volumes rise in the wholesale sector and retail demand softens in the run-up to the year end.’