20 May 2019

Fleet and lease, dealer part-ex and nearly new vehicles defied the expected seasonal downturn in used car values last month at BCA which recorded rises from a year ago.

Fleet and lease values averaged £11,406, up £269 (2.4%) compared to a year ago. Average age was up at 39 months but average mileage fell to 39,000. Against April 2018 dealer part-ex values were up £150, a 3% uplift, at £5,150 despite average age and mileage falling and demand remains strong for nearly-new vehicles with values at £22,557, up by £3,387 or 17%.
Stuart Pearson, BCA UK Remarketing, said: “As predicted last month, the seasonal run of public holidays over the Easter period and into May has put pressure on the market at a time when supply is typically plentiful. Buyers have been particularly cautious as we’ve seen values shifting on an almost weekly basis since the start of April. Based on the sustained increase in values over many months, some realignment is therefore not unexpected and isn’t unusual for this time of year.”

Tags: BCA, Fleet, lease