Record demand for used cars

Used car values at BCA averaged £8,408 in May as buyer demand continued to drive the market. Sold volumes increased by nearly eight per cent month-on-month and price performance rose sharply across the board.

Online buyer numbers reached their highest point as trade activity continued to increase, with over 10,000 different customers participating in BCA’s online sales in one week for the first time on record.

Stuart Pearson COO BCA UK said: “Despite some market commentators suggesting there could be shortages of used car stock, BCA continued to set the pace across the industry, with rising volumes sold, record numbers of buyers online and a record value week achieved in May.”

“We continue to see high levels of confidence from professional buyers and exceptionally competitive bidding across the range of stock on offer from BCA.”