Average value of used LCVs continues to rise in May

Fleet & lease values fell marginally, while part-exchange values improved significantly over the month. Nearly-new values rose to the highest point this year.

Year-on-year table: All vans 

 According to BCA data, year-on-year, average values were down by £29 (0.5%) compared to April 2014, with both age and mileage slightly higher in 2015. Performance against CAP improved by two points compared to 2014. 

BCA’s head of commercial vehicles, Duncan Ward, commented: “While average values have stopped their meteoric year-on-year climb as volume has returned to the marketplace, demand has remained steady. Buyers compete strongly for good condition, later plate vehicles, and any unusual or scarce derivatives will find a ready audience. Condition is key to success, however, and buyers expect to see a full service history.”

Values for fleet and lease LCVs averaged £6,447 in May – a fall of just £12 (0.2%) compared to April. CAP performance improved to 101.26% and retained value against Manufacturer Recommended Price was static at 35.6%. Year-on-year, values were down by £352 (5.1%).

Year-on-year table: Fleet & lease vans 

There was a significant £240 (6.7%) increase in part-exchange LCV values in May compared to April, as values reached their highest point this year. CAP average comparisons rose by nearly two points to 104.2% and continue to outperform the fleet & lease sector by some margin. Year-on-year values were ahead by £22, despite the average part exchange van being both older and higher mileage in 2015. CAP performance was up, year-on-year.

Year-on-year table: Part-Ex vans