Fleet values still at near-record levels, says BCA
Average used car values at BCA rose again in October, with values for fleet and lease and dealer part-exchange vehicles still at near record levels and well ahead year-on-year.
Latest data shows average used car values rose by £83 to £9,866 during November 2018, the third highest figure on record. Year-on-year, the headline figure was up by £462, equivalent to a 4.9% increase in average values.
Average fleet & lease values in November were £11,682, the third highest on record and were up by £1,039 (9.7%) versus the same month last year. The retained value against original MRP (Manufacturers Retail Price) slipped by a percentage point to 44.78%.
Stuart Pearson, BCA COO UK remarketing, commented: “BCA has seen values rise steadily during 2018, with professional buyers competing strongly for stock both in-lane and via BCA Live Online. Underlining this, fleet & lease values have reached record levels six times in 2018, while record values for dealer part-exchange cars were set for nine months in a row this year.”