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.”