Fleet & lease values at BCA rose 1.7% in July compared to a year ago but overall average values fell.

The summer holiday season and a shift in the mix of product entering the market saw average values reduce in July

The figures show fleet & lease values averaged £11,294 in July 2019, down by 0.76% (£78) compared to June, but up by 1.7% (£193) compared to a year ago, despite age and mileage rising slightly.

However, the headline used car value at BCA fell by 3.3% (£310) in July to £9,153 compared to June with the summer holiday season underway and a shift in the mix of product entering the market, although June had seen a sharp rise from April and May. Year-on-year, average values were down 5.1% £488) from £9,641.

Stuart Pearson, BCA COO UK remarketing, commented: “After a number of consecutive months of falling book values, we saw the market stabilise in July and demand lifted in spite of the commencement of the holiday season.  We’ve continued to work closely with our customers over recent months to keep them informed of factors influencing trading conditions and keep stock churning.”