Fleet News

Values of fleet and lease cars sold through BCA at third highest point on record

BCA Pulse May 2018

Values of fleet and lease cars sold through BCA in May fell slightly but remain the third highest on record, its latest Pulse report shows.

Average values slipped by £174 (1.5%) to £10,963 from last month’s record value of £11,137.

Retained value against original MRP (manufacturers retail price) fell by half a percentage point to 43.54%. Year-on-year values were up by £517 (4.9%), with age rising and mileage declining, although both by small margins.

Fleet/ Lease

Avg Age (months)

Avg Mileage

Avg Value

Sales vs MRP

May 2017

38.29

40,203

£10,446

42.63%

May 2018

38.94

39,486

£10,963

43.54%

 

 

The overall market saw a monthly fall of £16 to £9,568 - the fourth highest on record - with average values up £707 year-on-year, a 7.9% rise over the 12-month period.

Stuart Pearson, COO of BCA UK Remarketing, said: “Professional buyers have continued to compete strongly for good quality used car stock, a pattern that reflects the high levels of retail demand that dealers have been reporting throughout this year. 

"The seasonal dip that is often felt at this time of year hasn’t been so significant and the strong demand has driven conversion rates, meaning stock is churning quickly which is good for buyers and sellers alike.”



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