A round up of the month’s fleet figures from the SMMT, BCA and FLA in conjunction with this week’s Fleet Friday.
Figures for UK new fleet and business registrations from the Society of Motor Manufacturers and Traders have shown a fall in both segments.
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Together fleet and business registrations fell 4.29% year-on-year to 37,467, fleet by 4.42% to 35,759 units and business by 1.44% to 1,708 units.
Market share for fleet fell from 60.47% in February 2012 to 53.57% this year while the business vehicle market share of new registrations fell from 2.80% to 2.56%.
All sectors, including private, were down month-on-month by volume, as to be expected in February, typically the quietest month of the year in UK car sales, but fleet market share was slightly up from January’s 52.36%. The business market share was down from 5.12% the month before.
Year-to-date, fleet registrations grew in volume, year-on-year, by 2.43% to 110,967 but declined in market share from 56.80% to 52.74%. Business registrations grew by both volume, up 30.06% to 9,068 units, and by market share: from 3.66% in the first two months of last year to 4.31% in the first two months of this.
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By GlobalDataMeanwhile, ex-fleet and lease cars hit a new monthly high average auction value of £8,851 in February, up by 3.81% on January and 14.74% year-on-year, according to figures from the Pulse Report by British Car Auctions (BCA).
While price rose, the average age dropped from 40.92 months to 40.28, average mileage fell from 50,467 to 46,246 and performance against CAP improved slightly from 98.78% to 98.80%.
Another record monthly high was reached according to BCA’s Commercial Pulse Report as the average auction value of an LCV in February hit £4,789, up 2.57% month-on-month and up 12.10% year-on-year. Year-on-year, the CAP performance across all vans escalated from 98.23% to 103.05%.
This came despite average age rising 3.70% year-on-year to 58.55 months and average mileage also up 2.61% to 78,770 miles across all vans at auction.
Ex-fleet and lease LCVs set a new monthly record for average value at auction for the third month in a row: up 7.10% month-on-month and 17.68% year-on-year to £5,823.
Average age of ex-fleet and lease LCVs dropped 0.65% to 44.22 months while average mileage was down 2.23% to 69,093 miles. Similar to the average of all LCVs, performance against CAP rose from 98.06% in February 2012 to 102.30%.
The number of new cars bought in the UK in January on finance by businesses rose 12% year-on-year to 33,215, with used cars up 20% to 4,712, according to the Finance & Leasing Association.
In the three months to the end of January, the volume of new cars bought by businesses on finances remained stable at 91,225 while used cars dropped 2% to 12,969.
In the 12 months to the end of January, businesses bought 399,733 new cars on finance, up 4%, and 63,089 used cars, up 37%.
richard.brown@timetric.com
