Fleet and lease LCV sector hits new record
Average values in the fleet and lease LCV sector established a new record at BCA in September, with overall LCV values also seeing a new high.
Within the fleet sector, average values improved by 6.2% (£439) over the month to £7,491. Retained value against MRP (Manufacturer Recommended Price) improved by a point and a half to 37.89%. Year-on-year, values are significantly ahead, up by £607 (8.8%), with average age and mileage declining when compared to the same period in 2016.
The headline average value improved by 5.1% (£231) to £6,651, with average values also improving to record levels for fleet & lease and dealer P/X values – the latter climbing sharply for the second month running. Sold volumes of LCVs continued to rise across the board at BCA.
Year-on-year values remain well ahead, up by £511, equivalent to an 8.3% increase over the period. Average age and mileage continued to decline, reflecting the growing share of corporate stock sold as well as the higher volumes of younger rental stock seen over recent months.