Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt Used car values stable in December, BCA reports
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 stable in December, BCA reports

Date: 17 January 2022   |   Author: Sean Keywood

Steady demand during December kept used car values stable, according to auction firm BCA.

Its data showed there was a slight fall in the average sale price month-on-month, from £9,566 to £9,413.

Year-on-year, the December average was up by £1,103, or 13.2%, highlighting the increases seen in used values during 2021.

BCA UK COO Stuart Pearson said: "Used values remained stable despite buyers becoming a little more selective in early December, with the anticipation of more significant lock-down measures being announced.   

"Perhaps surprisingly, more significant restrictions didn't follow post-Christmas and we saw improved levels of activity throughout the festive period, with year-on-year sold volumes rising significantly between Christmas and the New Year."

"We expect that used vehicle values will remain resilient in the coming weeks and the early days of 2022 have seen bidding confidence return and demand is definitely accelerating."

Pearson said that overall, the used car market in 2021 was driven by exceptional levels of demand, amplified by new car supply shortages.

He said: "It's questionable whether we'll ever see such a consistent run of rising average values again, however as the industry continues to go through such significant change, nothing should be ruled out.

"While the marketplace returned to a more even keel later in the year, the taste for online purchasing and immediacy that many consumers were drawn to during lock-down, continued to influence the market and in particular drove demand for vehicles in ready-to-retail condition."