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