Used car prices in the UK have continued to rise in the third quarter despite a poor showing in September, according to a new report .
The latest Pulse report from BCA reveled that values in both the fleet and lease and part exchange sectors rose, although at a slower rate than during the same month in the previous two years.
The fleet and lease sectors rose to £7,345 during September – a £400 increase over August but significantly less that the £1,000 rise recorded during the same period last year.
Meanwhile part-exchange values were at their highest for the year in September at £3,280 – an increase of £40 over August.
Tony Gannon, BCA’s Communications Director, said: "While third quarter values have been strong this year, they could be concealing a weakening market ."
"September has not provided the step up it did in 2006, and the signs are that values will be under pressure in October and potentially to the end of the year."
