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Used car values continue to rise but growth is slowing

 BCA’s Pulse report for June shows that average used car values are continuing to rise – but in smaller increments.

Average auction values rose for the eighth month running, reaching £5,850 compared to £5,773 in May.

Year-on-year values are now £735 or 14.3% ahead of June 2008. June 2009 performance against CAP is nearly eight points higher at 99.93% than at the same time in 2008.

BCA’s June sales found average values for fleet cars rose by £28 while average part-ex values climbed £45.

Nearly-new values improved by £1,690, but this was largely due to a spike in the volume of premium cars sold in this sector during the month.

Volume product performed strongly with a 2.3% value increase in June.

Their values have improved by £1,247 this year, equivalent to a 31% increase in six months.

Premium cars rose by almost half a percent, or £49, to £10,411 in June, while budget product fell by the same percentage, or £20, to £3,325.

With demand for affordable transport staying high, values have increased in the part-ex market for seven consecutive months

The average price improved by £45 to £2,405.

 

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