Demand from professional buyers for diesel vehicles remains strong in the wholesale sector, according to BCA, which also reported record online sales in January.
Average values for all diesel vehicles climbed steadily over the past year, according to the latest BCA data, averaging £9,003 across the board in February 2020 – a year-on-year improvement of £246 (2.8%), despite average age rising to 77 months (+6.9%) and mileage increasing to 70,246 (+2.7%).
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
“Demand for diesel in the used sector has remained strong and, for many used car buyers, diesel will remain the preferred choice of fuel type as it offers great economy and typically lower running costs,” explained Stuart Pearson, chief operating officer of BCA. “Professional buyers at BCA are bidding strongly across the range of vehicles on offer with age, condition, specification and mileage continuing to be the overriding factors that determine price.”
Pearson said there is a complex and evolving picture in the wholesale sector, urging sellers to make use of real-time data to inform remarketing decisions.
“There will continue to be demand for diesel in segments where it makes sense such as SUV and 4×4, and as clean air zones are announced in cities around the UK, we expect to see demand rise for those exempt vehicles with the latest clean diesel technology,” he concluded.
Meanwhile, BCA also reported record levels of online sales in January, with a 23% year-on-year rise across the board in digital trading volumes. In total, BCA sold over 36% of all vehicles during January via online and digital channels.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataBCA has also seen an increase of over 20% year-on-year in the number of individual digital buyers purchasing vehicles, either through the BCA website or the BCA Buyer app.
Dene Jones, chief marketing and data officer at BCA, said: “With a significant expansion of BCA’s Decision Intelligence capability, driving greater efficiency and insight and generating enhancements to the accuracy of BCA Valuations, and frequent updates to the BCA Buyer app, our customers have an ever-growing suite of digital tools at their fingertips.
“BCA is on a journey to giving its customers a truly personalised digital experience that supports their business needs. Our vision is the delivery of accurate real-time intelligence that connects every aspect of buying and selling with BCA, the UK’s largest used vehicle marketplace.”
