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Fleet values remain near record levels

Average values remain at near record levels in the fleet and lease sector, latest figures from BCA show.

BCA car auction

November’s average fleet and lease value of £10,643 was the fourth highest ever recorded by BCA.

November’s figure of £10,643 was the fourth highest ever recorded by BCA with year-on-year values up by £620 (6.0%), as both average age and mileage continued to reduce. Retained value against original MRP (Manufacturers Retail Price) was 42.30% in November.

Overall average values climbed by £40 (0.4%) to £9,404 – a record value for the third month running. Demand improved from October and a change in model mix saw BCA handle a larger percentage of higher value corporate stock during November than the previous month.

Year-on-year, the headline figure was up by £773 – the same figure as last month and equivalent to an 8.9% increase in average values – with BCA attributing this to steady demand, well-balanced supply and a change in the mix of cars available at BCA over the past 12 months.

For more of the latest industry news, click here.

For more of the latest industry news, click here.

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.