Used car values at BCA averaged £8,408 in May as buyer demand continued to drive the market. Sold volumes increased by nearly 8% month-on-month and price performance rose sharply across the board.
Online buyer numbers reached their highest point as trade activity continued to increase, with over 10,000 different customers participating in BCA's online sales in one week for the first time on record.
There were also some significant values achieved for prestige, luxury and sporting stock during May with a number of vehicles realising over six figure sums. A 18/68 registered Lamborghini Aventador 6.5 LP 740-4 S ISR Roadster achieved the highest value at BCA this year, selling for £245,500.
Late in May, BCA staged the first online sales from the new BCA Bristol remarketing centre. The newly opened 65-acre mega-centre has capacity to store over 10,000 vehicles on the ground at any one time and plans to handle over 120,000 vehicles per annum. Over the coming weeks BCA Bristol will be offering thousands of vehicles at every price point via BCA Online and the BCA Buyer app, adding even more capacity to BCA's sales programme.
Stuart Pearson COO BCA UK commented "Despite some market commentators suggesting there could be shortages of used car stock, BCA continued to set the pace across the industry, with rising volumes sold, record numbers of buyers online and a record value week achieved in May."
"With BCA Valuations providing detailed insight into how the market is performing, we have our finger on the pulse of the remarketing sector and can track shifts in demand as they happen. We continue to see high levels of confidence from professional buyers and exceptionally competitive bidding across the range of stock on offer from BCA."
"BCA sales continue to be exclusively online, giving customers access to the widest choice of stock in the wholesale market, while ensuring a safe environment for buyers, vendors, suppliers and our people alike."
Pearson added "Our new Bristol centre has really hit the ground running and we've seen a number of new buyers from South West, drawn by the attractive mix of stock on offer. We're also recruiting heavily to support the accelerated growth of the centre and we expect sales and production activity to ramp up significantly over the forthcoming weeks."