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Auction values near record levels

Date: 27 March 2012   |   Author:

Cap argues that it's not the badge but fuel consumption that really matters to buyers

Average fleet and lease-sourced used values hit one of the highest points on record last month, according to remarketing giant BCA, with a 3.7% increase to an average of £7714 in February.

It's the highest figure since January 2011 and third highest since BCA first launched its monthly Pulse report in 2005.

Average age and mileage stood at 40.9 months and 50,467 miles respectively, while BCA reported that fleet and lease cars averaged 98.8% of Cap clean price, and 39.4% of the original manufacturer's retail price.

Meanwhile, Manheim reported a 1.8% increase in its fleet and lease sale prices, with an average of £6270.

The firm reported strong results for compact executive and lower medium models, although compact executive volumes have declined to make up 10% of overall volume last month, down from 14% in February 2011.