Analysis
Jigsaw Finance’s Nigel Hawkins gives his observations on the PCP market
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BCA reports average used values fell in January, as dealers offloaded lower-value part exchanges.
Despite this fall, the market is still 18.1% ahead compared to January 2012, and are the highest since BCA introduced Pulse figures in 2005. The January market continued in line with the 2012 trend of a shortage of good stock allied to the levels of demand resulting in higher prices being achieved at auction.
Economic uncertainty may still be a driving force in average consumers seeking a quality higher-mileage used car if necessary, rather than committing to buy new. If true, dealers/buyers who offer this variety of stock should see reasonable 2013 sales figures.
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