Fleet and lease values at BCA rose by more than 10% year-on-year in September while average used car values also hit a new record.
Strong trading, both in-lane and online, saw average fleet and lease values climb by £648 (5.7%) compared to the previous month, to reach a new benchmark for the fifth time in 2018. The retained value against original MRP (Manufacturers Retail Price) improved by one and a half percentage points to 45.47%. Year-on-year values improved by a substantial £1,093 or 10.1% over the year, with age rising and mileage falling.
BCA Marketplace PLC (LON:BCA), together with its subsidiaries, owns and operates a used vehicle exchange in Europe. It operates through Vehicle Remarketing, Vehicle Buying, and Automotive Services segments.