BCA reports steady sales in May

BCA has reported that supply and demand remained strong through May, with a reduction of £132 to £7,376 in the average price of sold vehicles.

Looking at the data more long-term, average prices have dipped just £200 since the start of the year.

Meanwhile, monthly sold volumes rose to the second highest point this calendar year with more than 5,000 different buyers purchasing through the BCA sales platform each week.

Stuart Pearson, BCA COO, said: “After a little pricing volatility at the start of the month, the mood of both our buyers and sellers has been generally positive, mainly driven by a very stable market with minimal overall movement. We’ve seen volume lift, but demand has more than matched it and clean, well-presented stock always attracts a flurry of competitive bidding.”

EVs

“While EVs continue to receive too much negative press, many have now found a price point that makes them very attractive and we’re seeing good levels of demand for many models. Overall, pricing stability tends to radiate confidence, and we’ve seen the June market lift even further in the early days of the month.”

He continued: “Every indication suggests that these trends will continue over the coming months with many dealers having the desire to carry even more used stock, if they are able to source it.”