The used car remarketing sector “continued to strengthen” during August as the average price of a vehicle sold via BCA rose 2.9% month-on-month.
The volatility of used car values “started to ease” with a 2.2% average rise to £9,463 in June, according to the monthly BCA Pulse report.
BCA has attributed a 1% slip in used car values during October to a shift in model mix amid increased volumes of ex-fleet and dealer part-exchange vehicles at auction during the month.
Used LCV values rose to their second highest level in the history of BCA’s Pulse Report during September – with a month-on-month price rise of 5.4%.
Used car values at BCA auctions rose to their third highest level on record during June as nearly-new vehicle prices rose by 10.8% year-on-year.
Strong competition for used car stock saw prices rise by an average of 1.7% at auction, according to the monthly BCA Pulse report.
The average price of a used car reached its second-highest level on record for remarketing specialist BCA as demand remained high across its 24 auctions centres and online platform during February.
Used vehicle values rose by 7.88% as BCA auctions processed record volumes of car sales in its auction sites across the UK during January, its monthly Pulse Report has revealed.
BCA recorded its fourth consecutive record month of used car prices in a monthly Pulse report which showed values had risen by £465 to £9,868 during December.
Used car prices at BCA auctions rose to a record high for the third month in a row following a marginal 0.4% increase during November.
BCA’s has seen used car prices rise to a new record high in October, with values rising 2.7% to £9,364.
Used car prices rose to their highest ever monthly average price at BCA-operated sales during September – reaching £9,117.
Average used car values rose by £122 (1.3%) across the board at BCA during August, as the company reported a strong trading month.
The average value of a used car rose 1.8% across the board at BCA during July, with the remarketing specialist claiming that the market “reflected a good balance between supply and demand”.
BCA's monthly Pulse report stated that there were "no surprises" during JUne as the average price of a used car fell by just 0.74%.
Average used car values at BCA auctions rose above £9,000 for the first time ever as traders continued to bid strongly on a wide range of stock, BCA Pulse reports.
BCA’s monthly Pulse report has shown that used car prices rose by almost 13% year-on-year in March as values increased across the board.
Used car prices rose by 11.2% year-on-year in February as buyers continued to compete strongly for stock despite rising volumes of vehicles entering the market, according to BCA.
Used car values rose at auction in January as buyers competed for stock in a strong market, according to the monthly BCA Pulse report.
Record used car prices faltered as values for fleet/lease and dealer part-exchange vehicles fell during December, according to BCA’s Pulse report.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
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