The average value of used cars sold at auction fell by 0.9% month-on-month in July, according to BCA.
The £7,677 average was also down by £123 on July 2024.
However, BCA said it had sold used cars to more than 10,000 different customers during the month – the highest figure on record – and also reported a marginal improvement in prices against guide expectations.
BCA said competition was intense for the best graded vehicles, particularly three–five-year-old vehicles with clean mechanical reports.
BCA COO Stuart Pearson said: “Despite the start of the summer holidays often signalling a downturn in used car demand, July built on the strong marketplace we saw during the previous month.
“BCA saw sold used car volumes and guide price performance rise in July, which is almost unheard of during the summer holiday period and a reflection of the changing face of the used car sector.”
“Whilst there continues to be talk of market seasonality, keeping close to real-time pricing intelligence such as BCA Valuations remains crucial. What once was the ‘norm’ may no longer be the case and these tools, combined with a data-driven approach to pre-sale refurbishment, are helping to ensure that price performance is optimised and the best conversions are achieved.”
