The latest data from BCA, the UK and Europe’s leading vehicle marketplace, shows a 1.9% month-on-month increase in used car average values in July 2015, getting close to the £8,000 mark last achieved in December 2014.
Average values for Part-Exchange vehicles remained strong, at £4,268 the fourth highest ever recorded by BCA. Nearly New vehicles were at their highest since January at £21,250 although it should be noted that model mix has a significant effect in this very low volume sector.
The headline average of a used car value rose by £154 (1.9%) over the month, equivalent to a 1.9% uplift. Year-on-year, values continue to climb with the average value of a car sold by BCA in July 2015 up by £206 (2.6%), compared to July 2014.
Year-on-year table: All cars
All cars Avg Age Avg Mileage Avg Value
July 2014 59.95 55,806 £7,706
60.37 54,945 £7,912
Simon Henstock, BCA’s UK Operations Director commented: “Supply and demand remained well balanced in July despite the typical summer slowdown the market experiences once the summer holiday period begins. Sales have been well attended throughout our network during the month as well as there being strong online bidding.”
Please click on the link below to view accompanying photography:
BCA Pulse – July 2015
Published by BCA Analytics All material © BCA 2005-2015
For further information please contact:
Madeleine Roles, Wendy Harrison or Ally Redding at HSL on 020 8977 9132
Or Tim Naylor on 01252 878555/07710 365023 Email: Tim.Naylor@bca.com
HSL|Senior Account Executive
Telephone: 020 8977 9132
Address: Churcham House|1 Bridgeman Road|Teddington|TW11 9AJ
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