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Average LCV values reach new record high

Average light commercial vehicle values at BCA climbed to record levels in March for the second month running.

For the second month running, average light commercial vehicle values climbed to record levels at BCA
For the second month running, average light commercial vehicle values climbed to record levels at BCA

LCV values rose across the board to £7,464 at BCA, up 5.5% (£395) compared to February. Year-on-year, values were up by 14.3% (£938).

Much of the uplift in March was driven by the corporate sector, where values reached a new record of £8,291, up by £596 from February’s figure, equivalent to a 7.7% increase and one of the largest monthly price changes on record. Retained value against MRP (Manufacturer Recommended Price) also increased significantly, rising by two and a half points to 40.40%. The year-on-year value differential of £1,198 (16.8%) is also one of the largest on record. Average age fell slightly and mileage declined by around 3,000 miles when compared to the same period in 2017.

However, values also rose for part-exchange vans and in the low volume nearly-new sector. BCA also reported continued high LCV stock levels as the company’s newly introduced sales programme staged additional sales nationwide.

Stuart Pearson, newly appointed BCA COO UK remarketing, commented: “BCA is experiencing exceptional demand from buyers for LCV stock resulting in record-breaking performances around the group. The corporate sector has seen average values rise significantly this year, with professional buyers competing strongly for one-owner vans.”

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Written by Natalie Middleton

Natalie has nearly 20 years of fleet journalism experience, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.

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