By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Headline used car values at BCA remain strong
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
Used Car

Headline used car values at BCA remain strong

anik
Last updated: 2016/01/06 at 9:44 AM
By anik 3 Min Read
Share
SHARE

The headline average value for a used car reached a record level in November, with BCA reporting another strong month for price performance in the used car market.

The average value of a used car sold at BCA in November increased to £8,126, a £134 (1.6%) rise compared to October despite performance against CAP Clean falling by half a percentage point to 96.15%.  A small change in sector mix contributed to the rise, as higher value fleet & lease cars represented a slightly larger percentage during the month.

Year-on-year, average values were up by £51 (0.6%), with age static and mileage continuing to fall.  Performance against CAP was up by nearly one percentage point compared to 2014.

While average values for fleet/lease and part-exchange cars both fell back slightly from the record levels seen in October, both remained well ahead year-on-year, with the fleet & lease value being the second highest on record.

However, issues over condition and presentation remain.

Simon Henstock, BCA’s UK operations director explained: “While average values remain exceptionally strong, this reflects the development of a two-tier market, where the best vehicles sell quickly for often exceptional values, while the less attractive or over-valued cars struggle to attract the same sort of attention.”

He added: “It is important that the less desirable cars are properly appraised and valued in line with market sentiment, otherwise there is a risk they will remain unsold, putting pressure on conversion rates.  Volume sellers particularly need to pay attention to this and reappraise and revalue any vehicles that are proving difficult to remarket, rather than simply adhering to a one-size-fits-all pricing strategy.”

All carsAvg AgeAvg MileageAvg ValueSale vs CAP
Nov 201458.8055,098£8,07595.20%
Nov 201558.7953,536£8,12696.15%

Fleet & lease car values averaged £9,778 in November, a fall of £70 (0.7%) compared to October, but still the second highest average value recorded for fleet & lease stock since Pulse began reporting.

Retained value against original MRP (Manufacturers Retail Price) was down slightly at 41.04%, with age and mileage broadly static.

Compared to November 2014, average fleet & lease values were up by £145 (1.5%), with performance against CAP Clean up and retained value down slightly on 2014.

Fleet/ LeaseAvg Age (months)Avg MileageAvg ValueSale vs CAPSales vs MRP
Nov 201439.6347,257£9,63394.66%41.70%
Nov 201539.3945,038£9,77895.32%41.04%
[“source-fleetnews”]

You Might Also Like

Problems with the Alfa Romeo 166: Common Problems and Costs of Repair

4 Reasons to Buy a Used Car and Things to Keep in Mind

Utilize the Advantages of Used Car Financing for Smart Investments

Over the Next Ten Years, the Used Car Industry

The Future of Used Cars: Why Pre-Owned Vehicles Are the Best Option

TAGGED: at BCA remain strong, Headline used car values
anik January 6, 2016
Share
Previous Article Vauxhall Insignia tops Auto Trader’s fastest selling used car poll
Next Article Record-Breaking New Car Sales in December to Cap off Best Year Ever for Auto Industry, Forecasts Edmunds

Calendar

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    

Latest Trending News

  • Lexus Cars Get Cheaper after GST 2.0: Check Full Price List September 9, 2025
  • How Google’s AI can help transform health professions education September 3, 2025
  • Your Ebike Battery is Draining Too Quickly? Six Reasons August 29, 2025
  • Test of Turbo Petrol-Powered Automobiles: Actual City and Highway Fuel August 26, 2025
  • Buying a Used VW Car in Albuquerque? Here’s What to Know August 21, 2025
  • What to Do If the Trunk of Your Nissan Won’t Open August 20, 2025
  • Fatherhood, marriage, and Longevity in the August 14, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?