January set a pair of records for recoveries and enquiries for the Finance & Leasing Association’s Vehicle Recovery Scheme, during which £4.84m worth of vehicles were recovered.

The total number of ‘hits’ (those enquiries which yield recoveries) stood at a monthly record of 783 while the ratio of enquiries to hits was also a monthly record at 11.87%.

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The total number of enquiries was down by 1.48% on the figure for the previous month to 6,599, but up by 20.53% on January 2012.

Despite this, the total value of recoveries was £4.842m, the lowest since August 2012, a month after the Metropolitan Police Service began reporting to the scheme, while the average value of a recovered vehicle in January was £5,853.81, the lowest monthly figure since July 2012.

However, total value of recoveries was up 65.82% year-on-year while average vehicle value was up 9.91%.

The Met was the police force to recover the highest value of vehicles for the fifth month in a row, reclaiming £2.404m of vehicles, although this was down on the £2.458m it recovered in December 2012 and down on its own record, set in November 2012, of £2.576m.

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The top three most-recovered marques for the month were the same as December: Vauxhall, followed by Ford and then BMW. Volkswagen was fourth and has appeared in the top five brands more than any other outside of Vauxhall and Ford.

The Astra was the most-recovered model during the month for the eighth time in the past 12 months, and a Porsche 911 Turbo with outstanding finance worth £96,100 was the most valuable single recovery. The most valuable recoveries also included three BMWs worth £109,500 and three Land Rovers worth £104,200.

richard.brown@timetric.com