Average used car values declined in the fleet and lease sector for the third month running, according to BCA\u2019s July Pulse report.<\/p>\n
Fleet\u00a0and lease cars averaged \u00a39,411 in July, a fall of \u00a337 or 0.4% compared to June, with CAP Clean performance down slightly at 96.25%.<\/p>\n
However, year-on-year values were ahead by \u00a3631, equivalent to a 7.1% uplift.<\/p>\n
The retained value against original MRP (Manufacturers Retail Price) fell slightly compared to June to 42.00%, but was up year-on-year.<\/p>\n
Headline figures rise to record high<\/p>\n
Overall, the average used car value reached a record high in July.<\/p>\n
The headline average value of a used car rose by 1.4% to \u00a37,706, ahead of June\u2019s figure by \u00a3109.<\/p>\n
Average performance against CAP Clean improved marginally from 96.57% to 96.78%, while average age and mileage fell slightly compared with June.<\/p>\n
Year-on-year, July 2014 was ahead by \u00a3831 or 12.0%, with both average age and mileage falling over the 12 month period.\u00a0 CAP Clean performance was up by nearly a point, year-on-year.<\/p>\n
Simon Henstock, BCA\u2019s UK operations director\u00a0said: \u201cWe are now well into the summer holiday period and the wholesale markets are generally quieter \u2013 however, this year volumes have remained relatively high and there is still plenty of competition for the best stock on offer.\u201d<\/p>\n
\u201cThe shortage of good quality fleet and lease stock continues, with volumes not expected to pick up until the second half of September.\u00a0 Cars entered from dealer part-exchange sources have typically outperformed the market in 2014 and July was no exception.\u00a0 Average values reached record levels, as dealers continued to supply the marketplace with well-presented, realistically valued cars to tempt the buyers in.\u201d<\/p>\n
\u201cSellers should consider adjusting valuations now on poorer condition cars with a view to remarketing them before volumes begin to rise and buyers have more choice from mid-September onwards.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"