Latest figures from BCA suggest small businesses can still take advantage of a buoyant market for used vehicles as average prices continue to outperform 2005.
Leading auction firm, BCA, reports that used vehicle prices are remaining firm.
Last year values dropped by £150 per vehicle between October and November – a time when prices tail off towards Christmas.
However, this year the drop was only £57 on figures achieved in October.
Overall prices continue to outrun last year.
The average price from January to November is £6593. Over the same period in 2005 it was £6224.
“November has seen lots of demand from buyers, with average prices rising from where they were in the same time last year,” commented Tony Gannon, communications director, BCA.
“The marketplace remains short of stock and professional buyers continue to compete strongly. So values and conversion rates at BCA will remain high.”
Key points from BCA’s November report
- Price for 36-month/60,000 mile car averaged £6524
- Diesel still preferred choice at auction…
- …But value gap between diesel and petrol has closed to £300
- Values for alternative fuelled vehicles increased by £700
- Year to date average prices are up £369 per vehicle
