Several records for the Finance & Leasing Association (FLA) Vehicle Recovery Scheme were beaten in June as £5.67m of vehicles were recovered, including a Rolls-Royce Phantom Drophead worth £150,100 in finance.
Run in conjunction with the ACPO Vehicle Crime Intelligence Service and HPI CrushWatch, the total worth of recoveries is a monthly record under the scheme, as is the average value of a recovery at £7,528.55.
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The percentage of enquiries to the scheme to find cars with outstanding finance which had been seized by the police was also the second-highest on record at 11.79%.
The Metropolitan Police Service, which recovered two Ferraris and a Lamborghini worth nearly £500,000 in May, also recorded a highest-ever monthly recovery value by any single constabulary of £3.05m. Between them, the top five constabularies recovered £4.02m of vehicles with outstanding finance in June, another record.
Individual recoveries
This is the third time a Phantom, and the fourth time a Rolls-Royce, has been recorded among the top 10 recoveries for a month.
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By GlobalDataAmong the other most-valuable recoveries, four out of the top 10 in June were Porsches, worth £221,900. Before June, only 22 Porsches had been recorded in the top 10 since records began in May 2010.
Ford was the most recovered marque in June and the Focus was the most recovered model.
Further data from the FLA Vehicle Recovery Scheme will be published in the July issue of Motor Finance magazine.
richard.brown@timetric.com
