Automotive Industry Digest

Latest Fleet News For The Automotive Industry

The Editor's View

The Editor’s View

Used car wholesale values continue to rise in February, average used car prices at BCA auctions increased in February for the second month running. The price jump was paired with a “significant” increase in volumes, according to the remarketing firm. Values averaged £8,540 at BCA in February 2023, up by £140 or 1.7% compared to January 2023, as sold volumes increased for the second month running and performance against guide price also improved. From a supply perspective, the SMMT has reported seven consecutive months of growth in new car registrations but, even after a 26.2% rise in February. BCA predicts the ongoing shortage of quality 0-3-year-old product should mean that supply and demand will remain reasonably well balanced for the foreseeable future.

Automotive Industry Digest

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