Used Values Hit Record High at BCA

BCA is reporting that July saw its highest ever prices for used vehicles, fuelled by strong demand in the wholesale market, the second consecutive month that record values have been reported.

BCA’s July sales saw the average used car sold for £9,513, a £330 (3.6%) increase over June’s average figure – which itself was a record value at the time – and nearly £1,000 (11.7%) ahead of the same month in 2020.

Stuart Pearson, the COO at BCA UK, commented “We’ve continued to see record numbers of customers logging in and buying online and average values continuing to outstrip market expectations by a significant margin.”

He added “To satisfy the increased demand, we’ve continued to enhance and expand our online selling programme by creating feature sales for the stock that customers are most interested in. Saturday sales at BCA now offer a much greater volume of stock, and, after a very successful launch event, we will be staging Sunday sales as a regular event in our sales programme from September onwards.”

Pearson concluded “There is an expectation that new car supply is likely to remain constrained for some time, which suggests that used car demand will continue to drive values up for some months yet.  BCA remains committed to providing our customers with the greatest choice of the best used stock in the market, via the most efficient and user friendly online buying process possible.”