Motor Finance highlights some of the key figures from the BCA, Manheim and the ONS.
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Analysis
BCA Pulse – used market strong as values rise again.
Demand from buyers is driving rising used car values at BCA, as April saw more records tumble. Buyer demand was high and conversion rates stayed strong in April. Professional buyers remain very active, reflecting the strong retail demand that has been widely reported.
Fleet & Lease values rose to £11,137, the highest point on record, while Dealer Part-Exchange prices increased sharply to reach £5,000 for the first time.
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By GlobalDataDespite this, the headline average value declined to £9,584, a fall of £84 (0.8%) caused by a changing model mix as dealer volumes increased. Year-on-year, average values are up by £494, a 5.4% rise.
Average dealer part-exchange values continued to rise, reaching £5,000 for the first time on record as values increased by £105 (2.1%) over the month. Yearon-year values were ahead by £324, representing a substantial 6.9% uplift with age static and mileage rising.
Values for nearly-new vehicles improved to £19,170, a rise of £301 (1.5%) compared to March and up by £1,142 (6.3%) year-on-year. Model mix has a significant effect in this very low volume sector, with brand specific winners and losers
Car product sold unit market performance – April 2018
Employment Figures
