on average part exchange vehicles have a 23% higher value than last year according to figures from BCA. It states that year-to-year prices of part exchange vehicles rose by £716 to £3857 the 16% rise from last year is the highest monthly average since 2005.

Nearly new values improved by over £1,100 in November to reach £21,433, the highest value recorded this year for nearly-new stock.

BCA UK operations director Simon Henstock, said: “Buyers were out in force in November acquiring stock and BCA recorded some exceptional results around the group.“Live Online buyers were very active during the month and our Bid Now and Buy Now channels saw sales volumes climb.“Professional buyers will no doubt remember that average values rose very sharply last December due to the shorter trading month and ongoing dearth of retail-quality stock, so there was an element of ‘getting ahead of the game’,”

taken from Motor Trader News