Average values of ex-fleet and lease cars sold through BCA hit record levels in August for the fourth time this year.

The company’s BCA Pulse report says that values rose £122 (1%) to £11,223, with retained value against original manufacturer’s retail price (MRP) improving by 0.75% to 44.09%.

Year-on-year values rose £689 (6.5%), with age rising and mileage falling, although both by small margins.

Overall average used car values rose £234 (2.4%) during August to defy seasonal pressure to reach £9,697, the second highest average monthly figure on record at BCA. Compared to the same month last year, values rose by £613 (6.7%).

Stuart Pearson, BCA COO UK remarketing, said: “Given the combination of seasonal factors it would have been no surprise if values softened a little in August, however sales attendance remained high during the month with professional buyers bidding competitively across all market sectors, both in-lane and online.  Reports of used vehicle retail activity being healthy certainly pushed average values upwards across the board.”