14 October 2020
Author: Sean Keywood
Used car values and volumes both rose during September, according to auction firm BCA.
It says the average sale value was £8,363, a 3.9% increase month-on-month, while online sold volumes were up by 31% to reach the highest point on record.
Conversion rates also remained high, typically exceeding 85%.
BCA says overall buyer demand for stock remained strong, with an increasing focus on stock that is ready to take away and retail immediately.
BCA COO for 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