Values for fleet and lease cars sold at BCA hit record high in June

The average value of ex-fleet and lease cars sold at BCA in June rose £235 (2.1%) to £11,198 - the third time a record value has been achieved in the past four months.

According to the BCA Pulse report, the overall headline average 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.

Stuart Pearson, COO UK Remarketing of BCA, said: “Demand from professional buyers continued at very healthy levels into June, with both average values and conversion rates improving compared to May.

“Fleet & lease values reached record levels for the third time this year, while dealer part-exchange stock posted the fifth consecutive month of record values at BCA.  This sustained value evolution reflects both high levels of demand and the quality of stock on offer at BCA.”

Pearson added: “To put the current market into context, it is the first time since 2010 that June average values have shown any improvement over the previous month.

"And this is despite the excellent weather, the FIFA World Cup and the fast approaching summer holiday period, distractions that have typically heralded a softening of demand for used cars in previous years.”