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BCA Auction Prices Reach Record Levels in September

Published 17 October 2019

Confounding newspaper reports of a slowdown in car sales generally, BCA Auction Prices reached record levels in September as traders and dealers outbid each other for stock.

Average used car values at BCA rose by a significant £823 (8.7%) compared to August 2019 to reach £10,230 -  the highest value recorded since BCA Pulse began reporting in 2005.  Year-on-year values rose by £349, a 3.5% rise over the 12-month period. 

All sectors saw values increase in September. Ex-fleet/lease values by over £1,000 month-on-month to reach a record value of £12,160. Dealer part-exchanges rose by £160 over the month, while nearly-new values reached record levels, rising by £3,438 in September to average over £27,000 for the first time.  

Year-on-year table: All cars

All cars

Avg Age

Avg Mileage

Avg Value

Sep 2018

57.0

48,136

£9,881

Sep 2019

57.3

48,433

£10,230

Stuart Pearson BCA COO UK Remarketing commented, “The strong used car market has continued as we enter October and BCA continues to win and retain business and enhance our selling programmes through all our selling channels.”

The Retained Value of ex-fleet and lease cars original Manufacturers Retail Price improved by nearly two percentage points to 43.1% over the month, but was down by 2.3 percentage points, year-on-year. 

Dealer part-exchange values rose by £160 (3.2%) during the month to reach £5,203. Average values for part-exchange vehicles rose by £72 (1.4%) compared to the same month last year with stock showing a similar profile of age and mileage. 

Values for nearly-new vehicles at BCA rose to their highest point on record, climbing by £3,438 in September to average £27,306.  Year-on-year values were up by £1,995 (7.9%).  

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