The average value of a used car sold at British Car Auctions (BCA) stood at £8,046 in December, a 0.9% (£80) fall compared to the same month in 2014, according to the BCA Pulse report.
Year-on-year, the average age remained stable at 59 months, while average mileage fell from 56,414 miles to 54,549 miles. Performance against CAP was up by 0.36% compared to December 2014, at 96.40%.
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Simon Henstock, BCA UK chief operating officer, remarketing, said: "December is a short month for trading and both the market sector mix and model mix tend to change quite significantly. Fleet and lease stock is typically in more limited supply in December, whilst dealers continue to sell part-exchange vehicles as a result of their ongoing retail activity. There is still a competitive trading environment in December as professional buyers look to source the most attractive, retail-ready stock to meet on-going customer demand, while also keeping an eye out for stock suitable for the January upturn."
He added: "The early days of trading in 2016 have been exceptionally busy and with the new plate on March 1st only weeks away, we are entering one of the busiest periods for the motor trade. Sourcing and securing those best quality retail cars will be critical for professional buyers in the weeks ahead and buying the right stock at a good price and in a timely fashion is crucial."
By sector
The average fleet and lease car value was up 5% year-on-year in December 2015 to £9,588. The average age fell marginally to 39.28 months, while average mileage dropped from 48,726 to 45,303. CAP Clean performance was slightly up at 40.21%.
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By GlobalDataThe average fleet and lease car value was £190 lower than November’s figure.
The average dealer part-exchange vehicle value was £4,248 in December, up £135 year-on-year. Over the same period, CAP Clean performance rose by more than two points at 96.54%.
The average age in this vehicle category increased from 89.8 months to 90.63 months, while average mileage declined from 73,562 to 72,345.
The average dealer part-exchange value dropped by £66 (1.5%) compared to November 2015.
Nearly-new values improved by £671 (3.1%) month-on-month to £22,074. The average age stood at 7.97 months, while CAP Clean performance was 99.40%.
