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Fleet values up 2.15% in August, according to BCA Pulse data

By / 11 years ago / Latest News / No Comments

BCA's Pulse report for August shows that fleet values rose by £155 (2.15%) from £7,180 in July to £7,335 – still behind year on year, but greeted by BCA as a welcome improvement. This is in contrast to Manheim's data for August, which showed a 2.3% reduction in fleet values.

Year-on-year comparisons show average fleet & lease values behind by £240 (-3.1%) with CAP performance down by nearly five and half points at 95.8%.

Looking at the individual fleet sectors, at £5,422, volume fleet & lease values were effectively static in August, (down just £3), halting a three-month decline from April when they peaked at £5,835. 

In contrast, budget fleet/lease car values rose from £3,359 to £3,542, a substantial £183 or 5.4% increase (following a 5.8% increase the previous month). However BCA has issued the caveat that numbers are low in this sector and model mix has a disproportionate effect on value. Premium fleet models also increased in value from £10,449 to £10,808 – broadly returning to where they were in June.

The average used car value at BCA recorded a modest increase to £5,905 in August from £5,784 in July.

Year-on-year values remain behind as they have done for several months. In fact, August recorded the largest "negative" variance seen this year with a deficit of £318 against the 2009 figure of £6,223.

Looking ahead to the coming months, Tony Gannon, BCA's communications director, said: 'If the trends continue into September with plenty of demand and reduced supply, prices are likely to remain firm in the short term, at least. However, if this year is seeing a return to the seasonal norms as we firmly believe, then we can expect to see values under more pressure from late September until the Christmas period.'

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