Recovery continues during April

BCA has reported that its inventory levels swelled again in April while average used car values rose to £8,577.

In the week starting 12 April average values actually peaked at over £9,000 for the first time this year, reaching £9,084, underlining the stimulating effect of the relaxation of lockdown restrictions.

Stuart Pearson COO BCA UK, said: “It’s fair to say that the market has accelerated faster than many predicted and the strong price performance in April shouldn’t really be surprising.”

He continued: “The market in May has accelerated to a place that perhaps didn’t seem possible during the lockdown months and looks here to stay for some time.”