Used prices near-static

Date: 22 March 2010

The two leading auction houses have emerged from February reporting identical percentage increases in used car values.

Both BCA and Manheim reported a 0.3% rise in average used car values in February. This took BCA's average car value to £5959, while Manheim recorded a figure of £7208. "Values remain ahead year-on-year by £388 (a 6.9% increase), although this disparity is reducing sharply as values are now being compared to the recovering marketplace of 12 months ago," said a BCA spokesman. "To put that into context, year-on-year figures were ahead 15% in January and 29% in December."

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