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Fleet and lease values down as average age rises, reports BCA

Fleet and lease LCV values saw mixed results at BCA in July although the overall LCV market saw good levels of trading.

Values for corporate-entered fleet & lease LCVs, dealer-entered stock and nearly-new vehicles rallied to improve over July, BCA reports

Fleet and lease LCVs averaged £7,969 at BCA for the month, an increase of £61 (0.7%) compared to the June figure. However, year-on-year values were down by £162 (2.0%) as average age continued to rise, up from 39.3 to 41.4 months, although average mileage fell from 59,094 in July 2018 to 57,710.

The headline value remained static at £7,156 (£7,157 for June 2019) as model mix shifted slightly during the month, but was down 0.9% from £7,221 for July 2018.

BCA COO UK remarketing Stuart Pearson commented: “The market continued to show signs of improvement during July with buyers continuing to focus on the best vehicles that could be retailed quickly.”

He added: “With significant volumes of duplicate models available, investing in preparation and valuing in line with market expectations remain important if sellers are going to maximise the return on the vehicles they offer.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 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. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

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