Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt Record fleet and lease values headline strong used car market
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

Record fleet and lease values headline strong used car market

Date: 20 September 2018   |   Author: Sean Keywood

Auction firm BCA has reported rising used car values during August, including new records in key market sectors.

Overall, the average value of used cars sold rose by £234, or 2.4%, a month-on-month increase that took average values to £9,697 - the second-highest ever recorded.

The figure also represented a year-on-year rise of £613, or 6.7%.

Breaking down market sectors, average fleet and lease values rose during the month by £122, or 1%, to £11,223, setting a new record for the fourth time this year. 

This represents a year-on-year rise of £689, or 6.5%, with a small increase in vehicle age and a fall in vehicle mileage.

Average dealer part exchange values rose in the month by £32, or 0.5%, to £5,065 - the seventh consecutive monthly record, and a year-on-year increase of £390, or 8.3%, although this was helped by the decreasing age and mileage of vehicles sold. 

Nearly new vehicle values were up month-on-month by £656, or 2.6%, to £25,033 - a year-on-year increase of 36,277, or 33.4%, though BCA warned of the effect of model mix and availability in this very low volume sector. 

BCA UK remarketing COO Stuart Pearson 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."

 



Share


Subscribe