Online sales set new September record
Used car demand rose in September with BCA reporting an increase in both sold volumes and average values.
BCA recorded average used car values of £8,363 in September, a rise of 3.9% over the month and the fourth consecutive month average used car values were above £8,000.
Meanwhile, online sold volumes rose by a substantial 31% during September to reach the highest point on record, with daily online weekday sales entries averaging well over 6,000 units throughout September.
BCA COO UK remarketing Stuart Pearson said: “The used car market saw buying activity and demand increase in September with BCA selling record volumes online for the fifth month running. We also saw record numbers of customers purchasing online in September, with numbers of customers for both online auctions and fixed price purchase continuing to rise. It is this strength in depth in the used car sector that has been integral to the industry trading so efficiently and effectively in the post-Covid19 marketplace.”
“Exceptionally strong consumer demand has driven the wholesale market to the record levels seen over the last few months. However, if we see a shift towards more normal seasonal conditions, buyers will quickly become focused on condition and presentation. This means it will be even more important for sellers to make use of BCA’s insight and intelligence to keep abreast of any changes in market sentiment.”
