Request Call Back
We will call you back at a convenient time.
TestimonialsRead feedback from recent Prestige Car Finance clients.
December used car values up 4% - BCA Pulse
- Date:
BCA attributes this rise in part to lower stock and the relatively short trading window in December, although suggests the 8% rise in values across November and December demonstrates increased competition in the second-hand market.
As with new car sales figures from the Society of Motor Manufacturers and Traders, much of the market strength lies in fleet and lease sales as the average value reached its highest point since January 2011 of £7,658, a rise of £270 (3.6%) on November.
Part-exchange values fell by £53 (1.8%), to £2,824 on average, from November's record price, but were still £119 (4.4%) ahead of December 2010, making it the third-highest on record. BCA also noted that vehicles were now being part-exchanged with an average 1,000 miles more on the clock.
Average values in nearly-new cars rose 5.3% from £18,957 to £19,963, which BCA put down to the model mix in a very low-volume sector and several one-off sales events held during the month.
