Used car market ‘hotting up’ says BCA
28 April 2021
BCA has reported a “significant and noticeable uptick in demand and increased average values” following the relaxing of lockdown restrictions. Average values rose 15.8% in a week and conversion rates grew 17%. Performance against guide values rose 1.7% to 101.9%.
The improving economic outlook and continued good news about the vaccination rollout has “generated a lot of positivity in the used vehicle sector,” said BCA COO Stuart Pearson.