Average used car values fall back in August at BCA

Typical regular made use of car values at BCA slipped again in August 2022.

This was principally driven by a altering design blend via the on the web auction channel.

Values averaged £8,954 throughout the board at BCA in August, down from £9,464 the previous thirty day period, with general performance in opposition to manual values down marginally on July at 97.3%. Encouragingly, bought volumes rose to their maximum point considering that March 2022, even with August historically becoming just one of the quieter months for made use of vehicle sales.

BCA described that desire improved all through the thirty day period and though the improved condition vehicles generated significant interest, customers started out to shift their notice to lessen quality and bigger mileage autos.

BCA British isles COO Stuart Pearson said: “Given the ongoing issues all around the charge of dwelling, inflation and interest prices, political uncertainty and the ongoing war in the Ukraine, traits in the employed automobile market were being reasonably favourable in August.

“Sold volumes improved at BCA in August and though regular values arrived beneath some tension, this was mostly a final result of the change in model combine that is regular at this time of yr. Seasonality has created a return in 2022 and buying and selling action throughout the wider employed vehicle market place has settled down to more common styles as the constraints imposed by the pandemic have receded.

“That mentioned, the ongoing scarcity of ex-lease, rental and OEM stock is probably to remain a problem for the wholesale made use of car or truck sector for some time to occur. But even here, the SMMT’s August report famous the very first upswing in new automobile volumes for many months – a modest 1.2% increase – so most likely we are starting to see the incredibly earliest green shoots of recovery in the new car sector?”