Motor Finance highlights some of the key figures from the BCA, Manheim and the ONS.
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Analysis
With the summer of 2018 now officially confirmed as having the joint warmest average temperature on record in the UK, used car values at BCA defied seasonal pressures and rose alongside the mercury to reach £9,697 in August, the second highest average monthly figure on record at BCA. The market at BCA continued to show its strength with average year-on-year values for August rising by £613, a 6.7% rise over the 12-month period. Both fleet/ lease and dealer part-exchange values hit record levels during August at BCA. Nearly-new values have risen by a third year-on-year and climbed above £25,000 in August – one of the highest figures on record and the fifth consecutive monthly rise. Average fleet & lease values reached record levels at BCA for the fourth time this year, rising by £122 (1.0%) to £11,223, with retained value against original MRP (Manufacturers Retail Price) improving by three-quarters of one percentage point to 44.09%. Year-on-year values improved by £689 (6.5%), with age rising and mileage falling, although both by small margins. Average dealer part-exchange values improved by £32 (0.5%) to £5,065, the seventh consecutive month of record average values in this sector at BCA.
Car Product Sold Unit Market Performance – August 2018
Employment Figures
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