20th January - BCA Pulse – values rise to record levels at BCA in December
Average values for fleet & lease and dealer part-exchange vehicles rose to record levels at BCA in December 2019, as the company reported sustained demand and competitive bidding across the board.
Following on from the improving values seen in November, December saw a strong month’s trading close out the year at BCA. Buyer demand remained positive for good quality stock, while seasonal market trends contributed to a shift in model mix. This impacted the headline figure, with an increased percentage of dealer part-ex vehicles sold during the month. Even so, the average value of £10,015 for December 2019 was the fourth highest on record. Values were down by just £126 (1.2%), year-on-year, despite average age and mileage rising by 3.4 months and nearly 2,500 miles respectively.
Year-on-year table: All cars
Stuart Pearson BCA COO UK Remarketing commented “Professional buyers were very active throughout December building forecourt stock for the New Year and this strong demand carried on over the Festive Season. Retail conditions for used vehicles remained very positive throughout December and as a result, BCA staged a very successful programme of incremental sales between Christmas and the New Year at BCA Blackbushe, Manchester, Nottingham, Measham and Brighouse, along with a number of specialist digital events.”
“With both in-lane and online sales being staged, buyers had the opportunity to purchase from a wide selection of vehicles through the choice of channel that met their needs - physical, online, BCA Buyer app and Bid Now, Buy Now. We gave our customers a truly personalised buying experience that supported their business needs over the Festive season.”
Pearson added “Strong demand has continued at BCA into 2020 with significant activity across the board for the widest range of stock during the early days of the New Year and our customers are reporting positive levels of retail activity.”
Fleet & lease values averaged £12,437 at BCA in December 2019, the third time in four months that BCA has reported a record value for fleet stock. Year-on-year values were up by £647 (5.5%) with both average age and mileage continuing to rise. The retained value against original MRP (Manufacturers Retail Price) averaged 42.4%, down by 1.8 percentage points, year-on-year.
Year-on-year table: Fleet & lease
Dealer part-exchange values also rose to record levels at BCA during December 2019, increasing by a substantial £132 (2.5%) over the month to reach £5,321. Average values for part-exchange vehicles were up by £46 (0.9%) compared to the same month last year with stock showing a lower profile of age and mileage.
Year-on-year table: Dealer Part-Exchange
Values for nearly-new vehicles at BCA averaged £25,021 in December 2019, with year-on-year values up by £361 (1.5%). Model mix has a significant effect in this sector, with brand specific winners and losers.
Year-on-year table: Nearly-New