Fleet News

Fleet values at record level according to BCA Pulse

BCA Pulse

Average used values in the fleet and lease sector rose to record levels in July, as value across the board rose by 1.8%.

The sharp rise of £387 (3.8%) compared to June, reversed last month’s fall in the value of ex-fleet vehicles at auction.

Retained value against original MRP (Manufacturers Retail Price) improved slightly to 42.29%, whilst year-on-year values were up by a significant £821 (8.4%), as both average age and mileage continued to reduce. 

Despite the summer holiday period being in full swing, the headline average value of a used car rose by £167 to £8,962 – a very similar rise to that seen in July 2016.

Stuart Pearson, BCA managing director UK Remarketing, said: “Supply and demand has been relatively well balanced over the summer period, and average values rose in July, as buyers competed strongly for good quality stock.  However, professional buyers remain selective, often buying to order and focusing their attention very firmly on the ready-to-retail vehicles that can be churned quickly.  The best presented and specified cars are selling quickly, while the budget end of the market is relatively strong, providing the condition is good and vehicles are sensibly appraised and valued.”

Click here for remarketing best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Related content

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee