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Used fleet vehicle values hit two-year high

Date: 03 May 2012

Used car values in March for fleet and lease vehicles rose to the highest point in two years, according to auction house BCA, up by £81 or 1.0% to £7795.

Cap performance fell by half a point to 98.3%, with the average age remaining at 41 months, but mileage dropped by around 1500 to 48,695 miles. Year-on-year values were ahead by £250 or 3.3%.

But this improvement did not reflect remarketing values overall, with "changing sector mix, rising volumes and seasonal pressures" resulting in average used car values falling by £270 or 4.3% to £5974, showed BCA's Pulse report.

Rival remarketing company Manheim Auctions reported average values in the fleet sector rising by 2.5% or £157 to £6427 with strong performances for

the large family and coupe segments. Large family vehicles increased 4.9% (£244 to £5179) and coupes increased 4.0% (£385 to £10,023).

Daren Wiseman, Valuation Services general manager, Manheim Auctions said: "Although fleet values performed well through March, this was mainly due to the shortage of stock in the first couple of weeks of the month".