Auction used car values reach record levels

Used car values continue to rise in the used car market according to the latest Pulse report from British Car Auctions (BCA) as average values reached a new high in December 2013. With new car sales for December reported by the SMMT today also showing continued growth, BCA’s data reveals that used cars averaged £7,573 across the board, a month-on-month rise of £84 (1.1%) compared to November.

Year-on-year, December 2013 was ahead by £212 or 2.8%. Average mileage and age both rose slightly over the month as BCA sold a higher percentage of dealer part-exchange vehicles.