Average used car values reached record levels at BCA in April as professional buyers continued to bid strongly on a wide range of stock.

The headline average value rose above £9,000 for the first time on record, having climbed steadily during 2017. 

Average values for fleet and lease stock also reached a new high point of £10,473.

Simon Henstock, BCA chief operating officer UK Remarketing, said: “While seasonality is less of a factor   than it used to be, we still see some slowing of trade as the summer months approach.  Post-Easter, potential retail customers often turn their attention to funding the imminent summer holiday, as a result postponing any change of vehicle to later in the year.  This naturally impacts in the wholesale sector as professional buyers are more likely to buy to order or simply fill gaps on the forecourt.”

Year-on-year table: Fleet & lease