BCA: Used Car Prices Rise Again     

Used car values at BCA rose for the second month running to reach £9,464 in July 2022, with performance against guide values also improving compared to June. 

Values improved by £268 across the board compared to June 2022, equivalent to an 2.9% increase over the month and an impressive indication of market strength and stability given the ongoing cost-of-living squeeze and numerous other pressures affecting the wider economy.  Performance against guide values rose to 97.7% in July, up marginally compared to June with sold volumes remaining broadly level with the previous month. 

Drilling down into the weekly figures, it can be seen that year-on-year comparative values have been remarkably stable over the past weeks.