report into residual values for ex-fleet and lease vehicles during
Q1 2008 has found that despite a weakening macroeconomic outlook,
values grew modestly overall during the first three months of the
year.
Fleet and lease vehicles sold at BCA showed a quarter-on-quarter
rise of 1.7 per cent, up £116 to £6,688. However, BCA pointed out
that while values rose by a healthy 4.9 per cent between December
and January, this was countered by flat growth in February and a
fall in March.
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BCA communications director Tony Gannon noted that these figures
lent credibility to the view that there is an “underlying softness
in demand”, and that prices are coming under increasing
pressure.
With Easter now out of the way, April and May values will
perhaps give a better indicator of how the market may perform over
the rest of 2008,” Gannon said.
Performance against CA Clean improved by two percentage points
between Q4 2007 and Q1 2008, to 96.4 per cent, BCA
reported.
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By GlobalData Motor Finance Issue: 42 – April 08
by Jo Tacon ,
Published for the web: April 23 08 12:13
Last Updated: April 24 08 15:22
