Average used car values at BCA reached a record value for the fourth month running in December. while fleet and lease sector values remained at near record levels.

Average used car values at BCA reached a record value in December

Latest Pulse data shows December’s figure of £10,604 in the fleet and lease sector represented a small decline (0.3%/£39) against November but was up by £939 (9.7%) year-on-year, as both average age and mileage continued to reduce. Retained value against original MRP (Manufacturers Retail Price) was 41.85% in December.

Overall average used car values improved by £465 during December, with the headline figure climbing to £9,868 – a record value for the fourth month running.

Year-on-year, the headline figure was up by £1,527 equivalent to a 18.3% improvement.

Stuart Pearson, BCA MD UK remarketing, commented: “December is the shortest trading month of the year and both the market sector mix and model mix tend to change quite significantly. Fleet and lease stock is typically in more limited supply, whilst dealers continue to sell part-exchange vehicles as a result of their ongoing retail activity. Buyer demand was consistent throughout the month and carried on to BCA’s digital platforms over the festive season.”