Average used car values at BCA dipped in October but the fleet and lease sector powered ahead, latest BCA figures show.

Fleet and lease values averaged £12,113 at BCA in October 2019; the second highest average value on record for fleet stock

Fleet stock was up 1.8% (£211) year-on-year despite increases in both average and mileage, with the average value of £12,113 marking the second highest on record for the sector. The retained value against original MRP (Manufacturers Retail Price) averaged 42.8%, down by 2.5 percentage points, year-on-year.

In contrast, average used car values stood at £9,648 at BCA in October, down 1.4% (£135) on the £9,783 seen in October 2018.

Stuart Pearson, BCA COO UK remarketing, commented: “At a time when rising inventory from the September plate-change, along with a spread of October half-term holidays can impact the supply and demand balance, the used car sector remained resilient across all of BCA’s channel offerings.”

He added: “Demand is currently very good for this time of year and prices are more stable than traditionally seen as we approach the Christmas period.”