Used car values strengthened in June, with average prices at auction house BCA rising by 4% month-on-month.
The auction giant said average used car values reached £7,568 during June, up £288 compared with May, making it the second-highest monthly average recorded over the past eight months.
BCA said demand continued to be driven by electric vehicles, which outperformed the wider market, while clean three to five-year-old cars remained the most sought-after stock in the auction halls.
The auction house said reduced new car registrations during the pandemic continue to limit the supply of prime three to five-year-old used cars, helping to support values in that age bracket.
However, the picture was less positive for older vehicles, with BCA reporting increasing pricing pressure on poorer-condition part-exchange stock, which it said needs to be valued ‘very realistically’ to attract buyers.
Buyer engagement remained strong overall during June, with more than 10,370 unique purchasers buying vehicles through BCA during the month – the second-highest monthly buyer total on record.
Demand was strongest during the first half of June before market conditions softened later in the month.
BCA chief operating officer Stuart Pearson said: ‘We are seeing significant polarisation in demand, with most EVs finding buyers quickly, while average part-exchange vehicles need to be priced very competitively to attract interest.
‘The market’s sweet spot remains the three to five-year-old sector, where clean, retail-ready vehicles continue to command a significant premium.’
Looking ahead, Pearson said seasonal factors, the recent heatwave and continued strength in the new car market were all influencing buyer behaviour, adding that realistic pricing remains key to achieving strong auction performance.
BCA is owned by Constellation which also has We Buy Any Car, Marshall Motor Group and Cinch in its portfolio.
























