The average value for a used car reached a record £5,891, a £197
(3.4%) year-on-year value increase, across the second quarter of
2012, according to the Pulse report from British Car Auctions
(BCA).
The figure indicates the highest value for a
second quarter since Pulse began reporting in 2005 despite 2012
seeing a rise in both average age and mileage.
Go deeper with GlobalData
The average value of a used car in Q2 was
slightly down on
the first quarter figure of £6,114, also a record for
Pulse.
Q2 also saw the average age of used cars peak
by more than a month and a half to over 63 months. Compared
with the same period in 2011, the average car is 2.5 months
older.
A spokesperson for the BCA commented, despite
the results displaying growth, “there have been constraints on
supply of the best, retail quality cars and – in a competitive
remarketing environment – this is undoubtedly contributing to the
general rise in values.”
Average Quarter 2 performance 2005
– 2012, BCA
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData2005: £4,516
2006: £4,805
2007: £5,218
2008: £5,332
2009: £5,785
2010: £5,780
2011: £5,694
2012: £5,891
