BCA reports second month of record prices

BCA has reported record values in the used car market for the second consecutive month.

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

Stuart Pearson, COO BCA UK, said: “BCA sales continue to remain exclusively online, giving our customers the easiest access to the widest choice of stock in the wholesale market with thousands of vehicles available to purchase daily. 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.”

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.”