LCV values reach new record
Average light commercial vehicle values hit a new record at BCA in December while fleet and lease LCV values remained at a near-record-high level.
Although seasonal factors were at play, buyers were active in the run-up to the festive period and the headline figure for LCVs hit a new record level of £6,976, up 2.7% (£182 on November) and 9% (£580) year-on-year.
The fleet and lease LCV sector saw a small improvement in average values in December, rising by just 0.4% (£33) to £7,760, the second highest figure on record. Retained value against MRP (Manufacturer Recommended Price) was stable at 38.09%. Year-on-year, values remain significantly ahead, up by £586 (8.1%), with average age and mileage declining when compared to the same period in 2016.
BCA’s LCV operations director, Duncan Ward added: “Early signs are 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.”
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