Fleet and lease values hit second highest record in October at BCA
Average used car values at BCA dipped in October but the fleet and lease sector powered ahead, latest BCA figures show.
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.”