Motor Finance highlights some of the key figures from the BCA, Manheim and the ONS.
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Analysis
BCA’s Pulse Report shows that the used car market enjoyed a flaming June as average values continued to rise, with record levels reached for fleet/lease and dealer part-exchange cars. Demand from professional buyers continued at very healthy levels, with both average values and conversion rates improving compared to May.
The headline average value improved to £9,641 – the third highest value on record. Year-on-year, average values rose by £846, a 9.6% rise over the 12-month period, despite average age rising slightly.
Fleet & Lease values rose to £11,198, reaching record levels for the third time this year, while Dealer Part-Exchange values improved to a record high of £5,003, the fifth consecutive month of record values at BCA. Values for nearly-new vehicles increased by £2,200 (10.8%) to £22,410, although model mix has a significant influence in this low volume sector. This sustained value evolution reflects both high levels of demand and the quality of stock on offer at BCA.
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By GlobalDataAverage fleet & lease values improved by £235 (2.1%) to £11,198, the third time a record value has been achieved in the last four months.
Car Product Sold Unit Market Performance – June 2018
Employment Figures
