August is traditionally a quiet month in the car industry, and especially so in the auction halls, so the fact that used values have risen again shows how little used car stock there is out there.

And what stock there is on offer is attracting serious bidding, especially from the franchised dealer groups, which are desperate to fill empty spaces on their forecourts.

Overall, BCA saw a 3% rise in values last month, while Manheim registered a 2.6% increase.

As a result, the average car at auction now fetches £6,223 at BCA and £7,390 at Manheim.

Ex-fleet stock has recorded similar increases – the dearth of late-plate models has forced buyers to look at the traditional three-year-old ex-fleet models offered.

  • For the full article, see the August 27th issue of Fleet News. Order a copy by calling Caroline Brown on 01733 468659