Digital sales at BCA increased by 23% across the board compared to January last year, as average used car values rose.
Stuart Pearson BCA COO UK Remarketing said: “Online trading played a significant role during January with sold volumes rising by a significant 23% compared to January last year.”
Also, average used car values returned to more typical levels in January, following on from the seasonally affected values recorded during December 2019.
Average year-on-year values increased across all sectors at BCA in January 2020, with dealer part-exchange values rising to the highest point on record and fleet and lease vehicles reaching the second highest average value ever recorded.
The BCA headline figure was £9,840 in January 2020, which represented an increase of £364 year-on-year, equivalent to a 3.7% improvement across the board, despite both average age and mileage rising over the period.
Fleet & lease values averaged £12,331 in January, the second highest value ever recorded at BCA.
Demand for fleet & lease stock at BCA has seen values rise consistently since September of last year, with the last five months representing the five highest monthly values recorded.
Year-on-year values were up by £878 (7.1%) with both average age and mileage continuing to rise.
Dealer part-exchange values increased by £76 (2.5%) over the month to reach £5,397.
Average values for part-exchange vehicles were up by £281 (5.5%) compared to the same month last year, with stock showing a slightly lower profile of age and mileage.
Values for nearly-new vehicles at BCA averaged £24,029 in January 2020, with year-on-year values up by £1,044 (4.5%).
Model mix has a significant effect in this sector, with brand specific winners and losers.
Pearson said: “January was a strong month across BCA’s network with record volumes sold and strong buyer engagement across the network for both physical and digital sales.
“Dealer customers are reporting positive levels of retail activity and this is driving demand in the wholesale sector.”