Fleet and lease values hit third straight record high

Wednesday, November 13, 2013 - 13:30
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BCA-British Car Auctions-fleet news

RISE: Defleeted LCVs hit record high values

Average defleeted LCV values hit a record high for the third consecutive month in October, British Car Auction (BCA) figures show.

With an improvement of £110 (1.7%) compared to September, the average ex-lease van shifted for £6,518 – the seventh record value seen in 2013.

October recorded a year-on-year value differential of £1,317 (25.3%) in the fleet and lease sector, with average age and mileage down over the year.

Performance against CAP fell back by two points to 103.16%, while retained value against Manufacturer Recommended Price (MRP) rose by half a point to 37.43%.

Retained value against MRP improved by nearly five points over the year.

Duncan Ward, General Manager of Commercial Vehicles at BCA, said:  “As predicted last month, professional buyers continue to bid very competitively across the range of LCV stock on offer at BCA and prices remain strong.

“With encouraging news about the economy, many LCV dealers are telling us they expect retail activity to hold up well for the rest of this year and into 2014.”