The latest data published as part of British Car Auctions' (BCA) Pulse update has highlighted a 1.8 per cent upturn in used car values in August.

According to the latest figures, average used car values last month stood at £7,037, with a widespread shortage of stock serving to push up the amount paid by buyers during the month.

Simon Henstock, BCA's UK operations director, noted short-term prospects suggest volumes are likely to increase from mid-September onwards and this could place greater pressure on values over the coming months.

"While the best quality stock – the Condition 1 and 2 cars – will continue to attract a lot of buyer attention and achieve strong prices, it is the poorer presented vehicles that might begin to struggle," he added.

The market remains considerably buoyant in comparison to the same time last year though, currently standing 14.2 per cent ahead of where it was in August 2012 (£6,158).

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