The average value for a used car reached a record £5,891, a £197
(3.4%) year-on-year value increase, across the second quarter of
2012, according to the Pulse report from British Car Auctions
(BCA).
The figure indicates the highest value for a
second quarter since Pulse began reporting in 2005 despite 2012
seeing a rise in both average age and mileage.
The average value of a used car in Q2 was
slightly down on
the first quarter figure of £6,114, also a record for
Pulse.
Q2 also saw the average age of used cars peak
by more than a month and a half to over 63 months. Compared
with the same period in 2011, the average car is 2.5 months
older.
A spokesperson for the BCA commented, despite
the results displaying growth, “there have been constraints on
supply of the best, retail quality cars and – in a competitive
remarketing environment – this is undoubtedly contributing to the
general rise in values.”
Average Quarter 2 performance 2005
– 2012, BCA
2005: £4,516
2006: £4,805
2007: £5,218
2008: £5,332
2009: £5,785
2010: £5,780
2011: £5,694
2012: £5,891
