10:53 am, July 4, 2012
THE average used car value fell by 2.2 per cent in June compared to May, new data from auction firm BCA’s latest Pulse Report shows.
The firm says the fall was generated by lower sale volumes and values of nearly-new cars, while values in the fleet and lease and part-exchange sectors continued to rise.
BCA’s figures show that average values fell by £134 to £5,964 in June. Despite this, fleet values reached a new high point, averaging more than £8k for the first time on record as BCA sold a slightly richer mix of cars from fleet and lease operators during the month.
Part-exchange values also posted a small month-on-month rise of £27. Nearly-new values fell by nearly £2k, entirely as a result of changing model mix as fewer prestige and executive cars reached the market in June.
Across the board, used cars averaged 96.1 per cent of CAP Clean in June, up by half a point compared to May, while average age and mileage both rose marginally over the month, up to nearly 63 months and 60,000 miles.
Year-on-year, June 2012 average values are a substantial 5.3 per cent ahead of 2011, while average age and mileage have climbed by 6.0 per cent and 2.5 per cent respectively in the same period.
