According to BCA, year-on-year values were down marginally but average age was up three months to 59.7 months and average mileage increased by almost 4000 miles to 81,400.
Monthly values in the fleet and lease sector dipped by 1.7% to £5113 in November but this still represented the joint second highest average monthly value on record alongside May 2012. Performance against CAP fell by nearly two points to 99.6% while residual values slipped slightly to 31.9%.
Part-exchange values dropped 2% between October and November to £2910 but were up by 6.7% year-on-year.
Monthly values for nearly-new stock rose from £13,581 to £14,474 and were also ahead compared to November 2011.
BCA’s general manager Duncan Ward said demand remained strong despite the expected seasonal downturn.
“Typically, when the market eases buyers leave the poorest condition vehicles behind but with the shortage of stock in the marketplace sale volumes held up well in November and were on a par with October’s figures.”
Ward added that when considering the weak economy and fragile business confidence the 2012 market had exceeded expectations.
