Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt BCA reports jump in used car values as lockdown eased
BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

BCA reports jump in used car values as lockdown eased

Date: 26 April 2021   |   Author: Sean Keywood

Average used car prices rose by 15.8% in the week after restrictions on non-essential retail in England were lifted, according to BCA.

The auction firm said there was a £1,223 average sale price jump, to £8,946, in the week after 12 April, the date on which car showrooms were allowed to reopen.

Sold volumes were also up, by 17%, and BCA said conversion rates had also improved.

The bumper market for sellers saw the average price paid for corporate cars reach its highest point this year, up by 2.2% to £12,337.

Dealer part exchange car values were also up, by 10%, to £6,256 on average.

BCA COO for UK remarketing Stuart Pearson said: "The lifting of some lockdown restrictions, the continued good news about the vaccination rollout and the cautiously improving economic outlook has generated a lot of positivity in the used vehicle sector.

"BCA's model provides incredible insight into how the market is operating and it's clear that there has been a noticeable increase in confidence and demand, demonstrated by the numbers of joiners, watchers and bidders to our online channels."



Share


Subscribe