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Fleet and lease LCV values see slight fall in August

Fleet and lease values came under pressure in August but remain relatively stable, according to latest BCA data.

BCA Pulse - some price pressure as volumes rise
BCA Pulse – some price pressure as volumes rise

Average values in the sector fell by £124 (1.7%), with BCA saying this was largely as a result of declining volumes from the daily rental sector, alongside some duplication of stock and condition issues. Retained value against MRP (Manufacturer Recommended Price) fell half a point to 36.23%.

However LCV operations director Duncan Ward added that values had remained essentially static for the previous three months and been relatively stable since October of last year, when they moved above £7,000 for the first time on record. Year-on-year, values were up by £272 (4.0%), with average age and mileage declining when compared to the same period in 2016.

Overall average LCV values fell by £133 (2.0%) although year-on-year values remain well ahead, up by £331, equivalent to a 5.4% increase over the period.

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.

Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news.

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