Average used vales for ex-fleet and lease vehicles reached £11,682 in November, a £1,039 increase on last year.
BCA’s Pulse Report shows that average used car values rose by £83 to £9,866 during November 2018, the third highest figure on record.
Year-on-year, the headline figure was up by £462, equivalent to a 4.9% increase in average values – a result reflecting both the steady demand, well-balanced supply and the richer mix of cars available at BCA over the past 12 months.
“There were good levels of confident trading activity at BCA during November across all sectors, with both high volume buyers and independent dealers competing for stock. This has carried on into December as professional buyers look to build stock levels for their retail forecourts in the New Year. To meet this demand, BCA has a comprehensive program in place right through the final week before Christmas and in addition, buyers will also have the choice to continue to buy through our digital sale platforms during the Bank Holiday period,” said Stuart Pearson BCA COO UK Remarketing.