Record van values for second month running
Latest Pulse data from the firm shows that the headline average value of a used LCV rose £51 to £6,140 (up 0.8%) while average LCV values were up by £533 (9.5%), year-on-year.
Average fleet & lease van values improved by £104 (1.5%) in September. Retained value against MRP (Manufacturer Recommended Price) improved from 34.49% to 35.25%. Year-on-year values rose £468 (7.3%), with both average age and mileage continuing to decline compared to the same period in 2015.
BCA’s head of commercial vehicles, Duncan Ward commented: “The LCV market has seen continued value growth throughout much of 2016. There has been steady demand for vehicles to service online shopping delivery, the construction and civil engineering industries and the small business and entrepreneurial start-up sector. BCA continues to experience plenty of demand for tippers and dropsides, Lutons and larger panel vans, the latter often going back to work to service the online shopping sector.”
Ward added: “However, volumes are rising and buyers will have more choice in the weeks ahead. This underlines the importance of appraising and valuing vehicles sensibly, as this builds buyer confidence and delivers benefits for buyers and sellers alike.”