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Used car sales totalled 7.4m units last year - the highest volume recorded since 2006 - according to the 2014 Used Car Market Report.
The increased volume - up 4.2% on 2012 - helped increase the used car market value by 4.2% to £42.7bn, which BCA said is a record market value. The used car market outperformed the new car market by £6bn.
The report says that an improving economy and a better choice of younger used cars has helped to stimulate demand.
The number of sold used cars aged up to five years old increased by 6.5% to 2.75m last year, which BCA said helped stimulate growth in the marketplace. The remarketing giant predicted the increase in new car sales witnessed in the last 18 months will begin to ease the long-term shortage of 0-5 year old cars.
The average price of a used car in 2013 was £5764 - up 7.6% on 2012 - while the firm says the average age of cars on the road is 7.7 years, up 1% on last year, and the highest figure in over 30 years.
Dealers accounted for the majority of the market share - 57.8% - as their year-on-year volumes increased by 5.1% to 4.28m units, while the private market's share fell to 38%.
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