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BCA reports rise in used car values

Monthly used car values rose to more than £4,000, according to BCA.

The auction house says this is an illusion due to a shift in the mix with reductions in lower priced dealer part-exchange volume resulting in overall increased prices.

Year on year values are down £689 plus there was a fall against guide values as the average performance against CAP Clean dropped by 1.33 points to 89.59%.

Due to the current economic climate BCA is not expecting any major changes to the prevailing conditions in the short term.

With regard to specific markets, fleet and lease cars fell by £128 against October and part-exchange vehicles fell by £56.

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