Motor Finance highlights some of the key figures from the BCA, Manheim and the ONS.
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Analysis
Another strong trading month at BCA saw average values for fleet & lease and dealer part-exchange cars reach record levels in October 2018. The used car sector remains a highly competitive environment with professional buyers bidding strongly across the range of stock on offer at BCA. October’s value of £9,783 was the third highest point recorded since Pulse began publishing and year-on-year values were ahead by £419, a 4.4% rise over the 12-month period. As we approach the end of 2018, many dealers are starting to focus on building stock levels in readiness for the typically busy first quarter of the New Year. Due to BCA’s diverse customer base, we are anticipating a healthy supply of product through to the year end and have a busy program of sales planned to support our customers. Average fleet & lease values continued to rise in October, improving by £31 compared to the previous month, to reach £11,902 – the sixth time a new monthly record value has been achieved in 2018. The retained value against original MRP (Manufacturers Retail Price) was steady at 45.32%. Year-on-year values improved by a substantial £1,046 or 9.6% over the year, with age rising and mileage falling.
Car Product Sold Unit Market Performance – August 2018
Employment Figures
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