Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt Used car values up slightly in February, says BCA Pulse
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

Used car values up slightly in February, says BCA Pulse

Date: 17 March 2016   |   Author: Daniel Puddicombe

The average value of used cars sold at auctions in February increased, according to the monthly BCA Pulse report.

The headline value increased by £52 (0.6%) to £7929 compared to prices in Janauary, while year-on-year values were up by £115 (1.4%) with both age and mileage declining.

Ex-fleet and lease values averaged £9662 in February, an increase of £222 (2.3%) compared to the previous month's figure of £9440, while year-on-year values were down by £11. Nearly-new car values, meanwhile, fell by £19 compared to January's figure, while nearly-new year-on-year values increased by just £3.

"BCA reports strong levels of demand in February, with plenty of interest in retail ready cars, but buyers are rather more wary of poorer condition vehicles," said Simon Henstock, BCA's chief operating officer.  "Buyers have a lot more choice and vehicles requiring repair and refurbishment need to be sensibly valued to compete."