Used car values increased for the tenth month running in August.

According to BCA's latest report, average values across the board have now reached £6,223.

Specifically looking at vehicles from the fleet and lease sector these recorded another strong result, adding nearly £200 to the average value in the month, which moved from £7,376 to £7,575.

The rise of £195 over July’s figures represented another 3% month-on-month rise.

Year-on-year values are now £1,458 or 30% ahead of August 2008.

Performance against CAP continued to average over 100% of Clean values for all stock, suggesting that demand is continuing to outstrip supply in the wholesale market.

BCA’s communications director Tony Gannon said: “The vast majority of vehicles being offered are sold first time and conversion rates remain exceptionally high.”

Values of volume fleet and lease vehicles have improved every month this year, and values improved by a further £244 in August to reach £5,674.

Despite this, performance against CAP Clean for volume fleet & lease cars fell back by half a point to 99.61%.

There was also a rise in the values of premium fleet vehicles in August.

Average values climbed by £40 – having risen by as much as £375 just last month.

Premium fleet cars continue to outperform Clean values as they have consistently done since February and, year on year, the average CAP performance is 11 points higher than in 2008.

Following three months of relatively flat performance, values for fleet and lease budget models improved by £289 (8.4%) to £3,722 in August.

Of the three fleet sectors examined by BCA, budget cars have been the weakest performers over the summer months with the poorest performance against CAP – at under 97%.