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BCA Pulse – Average used car values rise again

BCA’s Pulse Report shows that average used car values rose by £83 to £9,866 during November 2018, the third highest figure on record. Year-on-year, the headline figure was up by £462, equivalent to a 4.9% increase in average values – a result reflecting both the steady demand, well-balanced supply and the richer mix of cars available at BCA over the past 12 months.

Buyer demand remained strong for good quality stock, with competitive bidding in-lane and online. Values for fleet & lease and dealer part-exchange vehicles remained at near record levels and well ahead year-on-year, reflecting the longer term trend BCA has been reporting throughout 2018. Nearly-new vehicle values improved during November.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.