Fleet News

Marketwatch: Lease firms benefit over stock shortage

THE fleet and lease sectors are benefiting from a shortage of stock as demand for end-of-contract company cars increases and prices rise to their highest in 18 months.

Latest analysis has shown that prices for a three-year-old/60,000 miles car in the third quarter of 2005 averaged £6,308, a rise of £134, or 2.1% over the second quarter.

Values have risen £339 year-on-year, equivalent to a rise of 5.6% since Q4 2004, according to BCA’s quarterly report The Pulse. Average mileage has risen slightly, while the age of cars on sale has fallen marginally from 38 months a year ago to 37 months.

Performance against CAP Clean for fleet and lease cars improved to an average of 98.4%, up two points against Q2 2005 and a single point up on Q1 (see table left).

Fleet and lease

Period Age/months Mileage Sale Price % vs CAP
Q3 2005 37.01 57,706 £6,308 98.39
Q2 2005 37.83 57,532 £6,174 96.43
Q1 2005 38.36 58,763 £6,080 97.48
Q4 2004 38.38 60,851 £5,868 97.25
Q3 2004 38.20 59,708 £5,969 98.23
Q2 2004 38.29 59,912 £6,137 95.22
Q1 2004 38.02 60,243 £6,334 98.08

Source BCA

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