The last three months of 2006 saw values for LCVs rise to nearly £3,900, the highest quarterly value recorded last year and a rise of over £400 against the previous quarter.
The average age of fleet and lease vehicles at remarketing fell by nearly three months against Q3, while average mileage rose slightly to just under 70,000.
Reflecting the strong and sustained market that BCA and other commentators reported late last year, average values rose by over £400 (11.8%) against Q3. Similarly, CAP performance also improved noticeably, increasing by over five points to 100.4%.
Fleet/lease values at BCA - 2006
|Period||Av age||Av mileage||Av sale price||Sale price vs CAP (%)|