Fleet News

Average used car prices fall as the sector value rises

BCA’s latest Pulse report shows that despite a small fall in the overall average value of used cars in March, this was due to a change in mix that saw greater volumes of cars sold in the lower value sectors.

Average values actually rose in each of the fleet/lease, part-exchange and nearly-new sub-sectors, highlighting that the underlying relationship between supply and demand remains positive.

The overall average value for cars sold in March was £5,791 – a month-on-month fall of £168 (down 2.8%) compared to February’s figure of £5,959. CAP performance slipped by around a third of one point to 98.54% in March.

Values remain ahead year-on-year by £209 (a 3.7 % increase), compared to a 6% difference in February, 15% in January and 29% in December.

Average Fleet & Lease values rose for the third month running, with £229 (3.1%) added to the average value in March. Values increased from £7,364 to £7,593, while performance against CAP Clean improved for the fourth month running, rising by half a point to 99.1%.

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