January spike in used car prices – BCA
BCA has reported a January spike in used car prices, with average values increasing in the month to £8,042.
This represents an increase of £688 (9.4%) on the previous month and a £455 (5.9%) uplift of January 2024.
Meanwhile, new benchmarks were set for the highest number of buyers in a week, the highest weekly sold volume figures for three and a half years and the best weekly sales figure for EVs.
BCA COO Stuart Pearson said: “2025 has started strongly across the wider used car market with a number of benchmark performances seen during January. With many retailers taking a more cautious approach on stocking on the run up to Christmas, the minor imbalance in supply and demand has stimulated the rise in average values – the highest monthly figure since the summer of 2023 – and supported some very strong sale conversion figures.
“February trading has continued in a similar vein with prices remaining steady and demand improving further. With the supply of three- to four-year-old product being at an all-time low and the expected lag in volume uplift reaching the wholesale market following the plate-change, there is every expectation that used vehicle prices and demand will remain stable for some months to come.”
