Average used car values rise in January, says BCA
January saw the first monthly rise in average UK used car values since last October as buyers competed strongly for stock, reports auction house BCA.
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January saw the first monthly rise in average UK used car values since last October as buyers competed strongly for stock, reports auction house BCA.
The dynamics that drove demand for used vans in recent years is ‘behind us’, says BCA, with a back-to-basics approach to remarketing now needed.
Since peaking in March, average used car values have declined by more than 22% in the intervening months.
A level of optimism among the customer base suggests the potential for a more stable month.
November has continued to see average used car values decline, down by 4.2% in the month for three-year-old vehicles, mirroring the fall in October.