Used car values 'up £146 in June'

Average values of used cars in June rose £146 from the previous month, mainly due to a 16% increase in sales of premium ex-fleet models, according to

Year-on-year increases, however, continued to be low although the gap narrowed to £48, new figures have shown.

The slight increase in June values was caused by a shift in model mix, BCA said, adding that the figures failed to improve the demand for used cars.

BCA Communications Director Tony Gannon said: "We've seen a turning point in demand over recent weeks and both values and conversion levels have been under pressure - quite typical for this time of the year."

Mr Gannon said buyers are being increasingly selective, giving importance to presentation and condition of the vehicle.

He added: "Buyers are competing strongly for cars in ready to retail condition and therefore sellers are advised to appraise their vehicles carefully and consider rectifying any cosmetic damage prior to sale.

"What we may be seeing is a return to a 'normal' level of business and some price stability - at a level that compares favourably with 2009 values."

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