Used car values were up 13.2% year-on-year in December as BCA’s programme of festive auctions delivered a near-25% sales boost during the last week of 2021.
Used car values are likely to rise to “another new level that once didn’t seem possible” according to BCA chief operating officer Stuart Pearson.
BCA has revealed that used car values rose by an average of 15.8% as traders’ stocking demands ramped-up in the week of the April 12 reopening of showrooms in England and Wales.
BCA has revealed that the average value of a used vehicle rose 1.6% to a record £10,002 at its auctions in February as it praised the sector's resilience in the current COVID-19 coronavirus health crisis.
Car dealers’ part-exchange vehicles reached record values at BCA’s auctions during January as the sector continues to compete for a wide range of vehicle stock to fill their forecourts.
The average value of a used car offered for sale at BCA’s auctions declined by 1.2% during December, but maintained the month’s fourth highest value on record.
A seasonal downturn in used car values as the holidays failed to impact sales at BCA and strong demand delivered a “strong month for used car activity”.
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.
A bank holiday-induced dip in consumer demand has been blamed for a 4.6% decline in the average price of a used car sold at auction during April in BCA’s monthly Pulse Report.
BCA’s monthly Pulse Report has revealed that the average price of a used car offered at auction rose by 3.3% year-on-year during February – a rise of £322.
BCA’s monthly Pulse Report has revealed that used car volumes rose ‘significantly’ in January as average values returned to more typical levels following the seasonally affected values recorded during December.
Strong competition for used car stock drove average values to a record £10,141 at December’s auctions, BCA Pulse has reported.
Used car values rose in November as “buyers competing strongly for stock both in-lane and via BCA Live Online” drove stiff competition for stock through BCA.
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%.
BCA has delivered further evidence of the soaring value of used vehicle stock for car dealers during September as average prices reached the highest level the remarketing specialist has ever recorded.
Used car prices reached their second-highest level on record at BCA auctions during August, with average values rising by 2.4% to £9,697.
Used car prices declined by 1.8% at BCA auctions during July as a year-on-year increase of 5.5% continued to be credited to “strength in depth across the used car market”.
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.
