Average used car values rose by £275 (2.7%) to a record level of £10,141 in December as a strong month’s trading closed the year at BCA. Buyer demand remained positive for good quality stock, while seasonal market trends and the shorter trading period saw some shift in model mix. Average values improved for fleet & lease stock and nearly-new vehicles, while dealer part-exchange values were broadly static.
Year-on-year, the headline figure was up by £273, equivalent to a 2.7% increase in average values that reflected the steady demand and well-balanced supply of cars available at BCA over the past 12 months.
Stuart Pearson BCA COO UK Remarketing commented “Professional buyers were active throughout the month building forecourt stock for the New Year and demand carried on to BCA’s digital platforms over the Festive Season. The shorter trading period and the seasonal influences on stock mix certainly created strong competition for vehicles that were ready for retail.”
