UK used car prices rise again in 2014
Average used car values continue to climb in the wholesale sector according to the latest full year figures from the BCA Pulse report released this week.
Across the board, the average value of a used car sold at BCA in 2014 was £7,622, a rise of £566 compared to 2013. It is the highest annual figure on record at BCA. Over the last five years, average values have consistently risen year-on-year, by 1.3% in 2011, 4.7% in 2012, 13.8% in 2013 and 8.0% in 2014.
Average age and mileage have declined for the second year running, reversing the trend that was seen at the start of the decade. Performance against CAP Clean was marginally higher compared to 2013 and was the highest average annual figure recorded in the past five years.