Used car prices hold through the summer

Leading vehicle auction company BCA has reported strong prices achieved for ex-fleet and dealer vehicles sold during July and August.

Business sellers had a strong summer with average values holding well. Both cars and commercials sold strongly, with fleet cars averaging nearly £7,000 and dealer part-exchange cars selling for just under £3,250 on average. Values were well ahead year on year.

BCA suggests the stronger than expected summer provides a good foundation for used vehicle sales during September and October, traditionally two of the busiest months in the wholesale vehicle market.

BCA Sales Director Mark Hankey commented “Average prices achieved at our sales held up well over the summer and the best vehicles continued to be sought after and attract good prices relative to their condition, specification and mileage. This is encouraging as the summer is traditionally one of the quieter times of the year. Added to which, demand sharply increased in the early days of September.”

“With many fleets changing vehicles to take advantage of the new September registration plate, BCA has a good supply of desirable ex-fleet and business cars on offer. These represent excellent value for money for used car buyers as they are typically three-years-old, one-owner cars that have been well-serviced during their working life,” confirmed Hankey.