Fleet and lease values up year-on-year
Fleet and lease values at BCA remained strong in May despite the usual seasonal impacts on demand from the two bank holidays and half-term break.
Fleet and lease values for last month stood at £11,370; up 3.7% or £407 year on year and remaining steady compared to April 2019, with just a 0.3% or £36 dip. Retained value against original MRP was down a percentage point at 42.4% when compared to 2018. Average age at time of sale has risen by one month to 39.9 months, while the average mileage of 39,216 was down slightly compared to a year ago.
Meanwhile the headline used car value at BCA was £9,262 in May; down 3.2% or £306 year on year but up 0.15% or £14 compared to April 2019. Average age was up to 57.8 months compared to 54.6 a year ago while average mileage was up to 49,314 from 47,576.
Stuart Pearson, COO BCA UK remarketing, commented: “The market has been moving through some typical pricing realignment during April and May and, whilst these seasonal adjustments are to be expected, the incredibly buoyant market experienced during 2018 may have created some unrealistic expectations.
“We continue to work closely with our customers to ensure that they are fully appraised of trading conditions, utilising our unique BCA Valuations pricing intelligence to reflect remarketing sale values in real-time.”