Average used car values rose to record levels in September 2018 due to strong demand, according to BCA’s pulse report.

The firm’s remarketing centres around the UK set new performance benchmarks with average month-on-month used car values rising by £184 (1.9%) across the board during September 2018.

Year-on-year values rose by £764, an 8.3% rise over the 12-month period. 

Fleet and lease values were up by £648 (5.7%) compared to the previous month and an increase of £1,093 or 10.1% over the year.  

Stuart Pearson, BCA COO UK Remarketing, said: “Bidding activity on used cars has been strong at BCA throughout 2018 and that continued into September, pushing average values for fleet and contract hire and dealer part-exchange vehicles to record levels.  Physical buyer attendance was noticeably high and record numbers of bidders joined via BCA’s Live Online platform to compliment the buying power available. New performance records were set across our UK network and not surprisingly, interest was exceptionally high for vehicles in ready to retail condition.”

Year-on-year table: Fleet and lease: