Motor Finance highlights some of the key figures from the BCA, Manheim and the ONS.
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Analysis
BCA’s Pulse Report shows that prices are stable across all sectors in spite of the hottest summer since the 70s. With the hottest summer since the 70s sending temperatures soaring, seasonal pressures saw the headline average value slip by just £178 (1.8%) to £9,463 from the June results.
The strength of this year’s market continues to be emphasised with year-on-year values for July rising by £501, a 5.5% rise over the 12-month period, despite average age and mileage rising.
Having reached record levels in June, the average values for fleet & lease values saw a marginal reduction of just £97 to £11,101, although both dealer part-exchange and nearly-new values continued to climb.
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By GlobalDataAverage fleet & lease values slipped by £97 (0.8%) to £11,101, with retained value against original MRP (Manufacturers Retail Price) falling by half a percentage point to 43.23%. Year-onyear values were up by £615 (5.8%), with age rising and mileage declining, although both by small margins.
Average dealer part-exchange values improved by £33 (0.5%) to £5,033, the sixth consecutive month of record average values in this sector. Year-on-year values were ahead by £406, representing an 8.7% increase over the 12-month period with age and mileage decreasing.
Car Product Sold Unit Market Performance – July 2018
Employment Figures
