The report also shows that volumes saw a 6.6% increase, and the average age of LCVs sold at auction fell from 69.3 to 67.7 months.
The average number of days that LCVs remained on site rose to 15.4 days, and the average mileage decreased from 81,761 to 80,504 miles.
Price Changes by age
| Mar '15 | Apr '15 | May '15 | Jun '15 | |
| < 2 Years | £11,530 | £11,560 | £11,135 | £11,005 |
| Previous Month Diff | 1.1% | 0.3% | -3.7% | -1.2% |
| 2-4 Years | £6,690 | £6,835 | £6,670 | £6,540 |
| Previous Month Diff | 2.5% | 2.2% | -2.4% | -1.9% |
| 4.1-6 Years | £4,460 | £4,825 | £4,715 | £4,770 |
| Previous Month Diff | -3.4% | 8.2% | -2.3% | 1.2% |
| Over 6 Years | £2,180 | £2,265 | £2,405 | £2,330 |
| Previous Month Diff | -4.2% | 3.9% | 6,2% | -3.1% |
In June, despite the average price achieved for LCVs increasing by £78 (1.7%), this still represented a fall of £162 (-3.3%) over the past 12 months.
Volume Changes by Age
| Mar '15 | Apr '15 | May '15 | Jun '15 | |
| < 2 Years | 460 | 499 | 400 | 484 |
| Previous Month Diff | -32.7% | 8.5% | -19.8% | 21.0% |
| 2-4 Years | 3,848 | 2,537 | 2,673 | 2,985 |
| Previous Month Diff | 18.9% | -34.1% | 5.4% | 11.7% |
| 4.1-6 Years | 2,635 | 2,646 | 2,635 | 2,944 |
| Previous Month Diff | 0.8% | 0.4% | -0.4% | 11.7% |
| Over 6 Years | 4,386 | 4,291 | 3,859 | 3,789 |
| Previous Month Diff | 8.8% | -2.2% | -10.1% | -1.8% |
In June, there was a sizeable increase in the number of LCVs being wholesaled through the auction system. Growth of 6.6% took the monthly tally to 10,202 units and delivered an increase of 17% over the same month in 2014. Encouragingly, with the exception of the oldest lots, supply improved at all years, which will be greatly appreciated by trade buyers.
Paul Hill, NAMA chairman, commented: “This month’s LCV report delivers plenty of good news for those wholesaling used LCVs to digest, and highlights that the market for used LCVs remains robust.
“In June, average price and overall volume each saw healthy gains with average mileage continuing to fall back. These are positives that set the scene once we are through the summer lull, for a strong second half of 2015. “The less positive news is that used LCVs are remaining on site for longer, with a sizeable increase in the proportion that do not sell at the first time of being offered, partially due to volume increases and a higher proportion of duplicate stock.
“Any indications of tougher times ahead are mostly being driven by the approaching holiday season when traditionally few dealers would wish to be holding too much stock. However, vendors would be well advised to heed such warning signs and take steps to ensure that the used LCVs they bring to auction are presented in a manner that will maximise returns or to take account of condition when setting reserve prices.
“Although there are undoubtedly challenges ahead of us, with the UK economy being healthy and set to grow over the coming 12 months, there is good reason to be optimistic over the medium term.”
