Fleet value increase 'could help car leasing sector'

Values of vehicles in the fleet and car leasing sectors improved during January, new research has shown.

British Car Auctions (BCA) released its Pulse report, which showed that fleet values increased by over £500 last month, representing a 6.6 per cent year-on-year rise.

Tony Gannon, BCA communications director, commented: "It is no real surprise to see values strengthen in January as the markets generally enjoy an uplift in activity following the extended Christmas break."

However, the organisation also revealed that values of nearly-new cars dropped in January, which slowed the overall growth in average vehicle values.

As car leasing deals are calculated based on the rate of depreciation, motorists looking for this kind of contract may want to research which models are able to hold their values well.

Earlier this month, the organisation noted that a rising demand for 4x4 vehicles has seen autos in this category increase in price and maintain their value.