Also, average used car values returned to more typical levels in January, following on from the seasonally affected values recorded during December 2019.
Average year-on-year values increased across all sectors at BCA in January 2020, with dealer part-exchange values rising to the highest point on record and fleet and lease vehicles reaching the second highest average value ever recorded.
The BCA headline figure was £9,840 in January 2020, which represented an increase of £364 year-on-year, equivalent to a 3.7% improvement across the board, despite both average age and mileage rising over the period.
Fleet & lease values averaged £12,331 in January, the second highest value ever recorded at BCA.
Demand for fleet & lease stock at BCA has seen values rise consistently since September of last year, with the last five months representing the five highest monthly values recorded.
Year-on-year values were up by £878 (7.1%) with both average age and mileage continuing to rise.
Dealer part-exchange values increased by £76 (2.5%) over the month to reach £5,397.
Average values for part-exchange vehicles were up by £281 (5.5%) compared to the same month last year, with stock showing a slightly lower profile of age and mileage.
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