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March sees record high for used car values

Used car values continue to rise at auction, up 1.7% in March compared to February. Year on year are ahead 9.2% to £9,68, the second highest on record.

Stuart Pearson BCA MD UK Remarketing said: “Buyer demand was strong in March, resulting in average values reaching record levels and excellent conversion rates around the 24-strong BCA network.

 

Reflecting seasonal patterns, we saw greater volumes from both fleet and lease and dealer part-exchange sources and this uplift is likely to continue in the weeks ahead.

“With Easter now behind us, we expect demand to be maintained well into April as professional buyers compete for stock.