Used car market volatility of recent months started to ease in June, bringing more typical seasonal trading, according to BCA.

June brought signs of a return to more seasonal trading, says BCA

The firm’s figures for the month show that fleet & lease values averaged £11,372 at BCA in June 2019, ahead by just £2 compared to May, but up by £174 (1.6%) compared to a year ago. The retained value against original MRP (Manufacturers Retail Price) was down by over two percentage points when compared to 2018, largely as a result of both age and mileage at time of sale rising compared to a year ago.

Meanwhile the headline used car value at BCA increased in June, with the average value of £9,463 representing a £201 uplift equivalent to a 2.2% improvement over the month, although it was down by 1.8% or £178 compared to June 2018.

Stuart Pearson, COO BCA UK remarketing, commented: “It’s been a challenging period for the market, as values have shifted at a significant rate over recent months which has created uncertainty. We’ve been working closely with our vendors to keep them informed of trading conditions and our unique real-time BCA Valuations pricing intelligence has helped to accurately value stock to sell first time.”

“While many buyers have continued to focus on the best retail-ready stock that can be turned quickly, everything does have a price. Sellers that have used our intelligence tools to provide accurate condition-based valuations and invested in vehicle preparation have kept their stock churning.”