LCV values back to more typical levels in January
Average and fleet/lease light commercial vehicle values at BCA eased back in January after December’s upturn as volumes hit record levels.
Within the fleet and lease LCV sector, values fell 3.1% to £7,521 from £7,761, but year-on-year, values remain well ahead, up by £423 (5.9%), with average age and mileage declining when compared to the same period in 2017. January also saw stock availability and sold volumes rise significantly. Retained value against MRP (Manufacturer Recommended Price) fell by nearly a point to 37.27%.
January also saw volumes across the board rise significantly around the BCA network, with a number of record sales as buyer demand rose sharply following the festive break. Overall average values of £6,827 were the second highest on record and digital buyers were particularly active with 47% of all vans being purchased via BCA Live Online in January. Year-on-year values remain well ahead, up by £418, equivalent to a 6.5% increase over the period, while average age and mileage continue to fall.
BCA’s LCV operations director, Duncan Ward commented: “The market has returned strongly in January, with good attendance at sales since the turn of the year and plenty of activity from online bidders. We handled record volumes of LCVs at BCA in January, as we launched the UK’s most extensive commercial vehicle auction programme with new regular sales commencing in Blackbushe, Glasgow and Wolverhampton.”
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