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Ex-fleet and lease cars hitting record auction high

Date: 07 July 2015   |   Author: Daniel Puddicombe

Average values for ex-fleet and lease vehicles sold at auction remained at a record level for the third consecutive month in June, according to new figures from remarketing giant BCA's latest Pulse report.

Ex-fleet and lease vehicles were on average £279 more expensive in June 2015 in comparison to the previous year - £9727 compared to £9448.

Overall, the average value of a used car sold at auction fell by £45 (0.5%) to £7758 in June compared to the previous month.

However, values are continuing to climb, as the average sale price of a car at auction in June 2015 was up by £282 compared to June 2014's figure of £7476.

"The summer months typically see some pressure exerted on average values so we are not surprised to see the headline figure drop for the second consecutive month," said Simon Henstock, BCA UK operations director. "The most significant factor in the current marketplace is that supply and demand are reasonably well balanced, with conversion rates remaining relatively stable."

"It is also worth remembering that values remain at exceptionally high levels on average, reflecting that buyers are continuing to compete strongly for good retail-quality stock," Henstock said.