BCA’s latest Pulse report shows that demand for older, lower value dealer part-exchange cars is largely unchanged in July, but the fleet & lease sector has experienced more price pressure. In broad terms, however, the headline average used car value was relatively static in July, with overall volumes, model mix and demand levels similar to those seen in June.

As a result, the average used car value at BCA recorded a modest decrease in July, from £5,802 to £5,784 – a fall of just £18 or a quarter of one percent.   Performance against CAP Clean increased marginally from 94.68% to 94.83%. 

For the second month running, a relatively rich mix of cars has disguised some of the pressures in the marketplace and conversion rates remain fragile. That said, it is not unusual for some market issues to surface in the holiday season and this should be judged as typical seasonality – a factor only seen returning in recent weeks.