New record for fleet and lease values at BCA
Strong trading in August helped average fleet & lease values reach record levels at BCA for the fourth time this year.
Latest figures show fleet and lease values rose by 1.0% (£122) last month to £11,223, with retained value against original MRP (Manufacturers Retail Price) improving by three-quarters of one percentage point to 44.09%. Year-on-year values improved by £689 (6.5%), with age rising and mileage falling, although both by small margins
Average dealer part-exchange values also hit a new record while values for nearly-new vehicles continued to increase, helping average values for all cars to reach £9,697 in August, up 6.7% year on year and marking the second highest average monthly figure on record at BCA.
Stuart Pearson, BCA COO UK Remarketing, commented: “Given the combination of seasonal factors it would have been no surprise if values softened a little in August, however sales attendance remained high during the month with professional buyers bidding competitively across all market sectors, both in-lane and online. Reports of used vehicle retail activity being healthy certainly pushed average values upwards across the board.”