
British Car Auctions (BCA) has reported a five per cent rise in used car values in March. The average value of a used car increased by £57 to £7387 in March – the highest monthly value this year and the third highest on record.

British Car Auctions (BCA) has reported a five per cent rise in used car values in March. The average value of a used car increased by £57 to £7387 in March – the highest monthly value this year and the third highest on record.

Increases in off-lease, retired-rental and repossessed vehicles entering the market are dampening used-vehicles prices, auction company Manheim’s chief economist said, and the trend will continue into 2014.
