Values for fleet and lease cars sold at BCA near record high in February

Fleet and lease stock sold through BCA in February returned the second highest value on record, with values rising to £10,972.

The latest BCA Pulse Report showed this was an increase of £279 compared to January. Year-on-year values were up £613.

Retained value against original MRP (manufacturers retail price) improved by more than one percentage point over January to reach 43.23%.

Fleet/ Lease

Avg Age (months)

Avg Mileage

Avg Value

Sales vs MRP

Feb 2017

38.58

41,923

£10,179

42.58%

Feb 2018

39.04

40,350

£10,792

43.23%

Average used car values rose across the board as strong demand continued.

Values rose by 2% month on month to £9,498 - up by nearly £700 compared to a year ago - to build on a strong start to the year that saw BCA sell record volumes across the 24-strong nationwide network of remarketing centres.

Stuart Pearson BCA MD UK Remarketing, said: "February was another strong month in the remarketing sector and BCA saw competitive bidding across the board from high value prestige stock to older, higher mileage budget vehicles.

"Average used car values have been rising at BCA for an extended period and 2018 seems set to maintain that pattern.

"This reflects the demand from buyers, the high quality of stock consigned to BCA by fleet & lease and dealer vendors and a general falling in average age and mileage at remarketing time.”