Average used car values up

The latest Pulse Report from British Car Auctions (BCA) shows that average used car values are up by 8.6% year-on-year despite the average used car being older and having a slightly higher mileage. Values were up 2.6% in October 2012 versus September 2012, too, and the average used car price of £6481 is the highest since BCA started its Pulse Report.

 Graph 1 CopyFleet and lease car values were up in October too, but not significantly – the average value was up by £37 compared to September 2012. Nonetheless this was enough to create a record average value of £8,376. Part exchange values were up by more or less the same amount, too – up £38 over September 2012.

The average used car mileage in October 2012 was 58,703 miles versus 57,342 in October 2011, and the average age of a used car was 62.2 months, up from 59.7 months in September 2011. 


Veronica Hughes    on 13 November 2012

This is true! used car values are up!

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jennysmith    on 7 December 2012

As we all know that there are various reasons to consider when we decide to buy a used car that includes various sections and the improving reliability of older cars still the main attraction of used cars is the affordability. There was a market research in which it was concluded that the average transaction price on a new car in the year 2011before taxes and fees was $29,916 and the average used car transaction was $9,297 at the same time.


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