Fleet and lease LCV values remain stable in July, reports BCA
Fleet & lease commercial vehicles values at BCA saw a marginal rise in July accompanied by an increase in overall values.
The data for last month shows a £2 average increase in fleet and lease values from June while retained value against MRP (Manufacturer Recommended Price) improved marginally to 36.72%. Year-on-year, values were up 5.8% (£397), with average age and mileage declining compared to the same period in 2016.
Overall light commercial values also saw an uplift, with the 1.4% (£94) increase signifying the third consecutive monthly rise. Year-on-year, average values are up 10.4% (£622) while average age and mileage continued to decline, reflecting the growing share of corporate stock sold as well as the higher volumes of younger rental stock seen over recent months.
BCA’s LCV operations director, Duncan Ward commented: “While demand for larger panel vans was sometimes patchy, there was plenty of interest in any van with a good retail specification and in particular dropsides, tippers and Lutons were much sought after. The lifestyle/4×4 double cab market continues to experience price pressure, largely as a result of the increasing volumes in this sector – basic specification models are more price sensitive than the higher trim models, which the second owner much prefers.”