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.