The average price of used cars sold at auction fell by 3.6% month-on-month in May, according to BCA.
However, the remarketing company said the average of £7,510 represented a 1.8% increase year-on-year.
Additionally, it said active buyer numbers continued to rise during the month, while sold volumes and sale conversions bucked seasonal trends.
BCA said that sourcing prime three to five-year-old stock remained a challenge for most retailers, with the market seeing a definite lift in bidding activity in this area during the month.
It also said that used EV demand remained firm.
BCA COO Stuart Pearson said: “We are delighted to report another strong month for the used car sector in May with values and volumes well ahead of the same period in 2024.
“We are now well into that period of the year when the wholesale sector has traditionally experienced some pressure on demand, but over the last two months buyer engagement has remained excellent and stock churn reflects a healthy marketplace.
“We are seeing consistent demand, seven days a week across our nationwide online sales programme and any notion of what used to be prime time, has long disappeared.
“June has got off to a good start across the used car market and we are seeing an uptick in demand, with volumes continuing to be ahead of last year. In traditionally what has been one of the toughest quarters for used cars, the current market is significantly more robust than we have typically seen in previous years.”
