BCA’s Pulse report shows that average used car values decreased in January, but average values actually rose in the fleet and lease sector.
Fleet and lease values rose by £234 to £7,259 (up 3.3%), while the overall average value for cars sold in January was £5,939 – a month-on-month decrease of £249 (4%) compared to December’s figure of £6,188.
Values remain well ahead year-on-year by £803 (a 15.6% increase), although this disparity is beginning to reduce as values are now being compared to the recovering marketplace of 12 months ago.
BCA’s communications director Tony Gannon said: “The January uplift in the fleet/lease and part-exchange sectors suggests the market is aligned to more traditional patterns. The continued demand for lower cost motoring is also evident; with the biggest percentage rises seen in the fleet/lease and part-exchange budget sectors.”
For further remarketing analysis see the next edition of Fleet News.