Latest data from the BCA Commercial Pulse shows values for fleet and lease LCVs averaged £6,609 in March – a rise of £76 (1.1%) compared to February’s figure. CAP performance improved slightly to 101.1% and retained value against Manufacturer Recommended Price improved to 36.14%. Year-on-year, values were down by £440 (6.2%).
Year-on-year, average values were up by £59 (1.0%) compared to March 2014, although performance against CAP declined by two and a half points over the year. Age and mileage continue to decline, with the average van being two months younger and 1,600 miles less travelled when sold in 2015.
BCA’s head of commercial vehicles, Duncan Ward commented: “We continue to see rising volumes of poor condition or similar model vans reaching the used market, which is creating some pressure on average values. We have been predicting a tipping point in used values for some time and both fleet/lease and dealer part-exchange vans averaged lower values in March 2015 than a year ago.”
Year-on-year table: Fleet & lease vans:
|
Fleet/Lease |
Avg Age (mnths) |
Avg Mileage |
Avg Value |
Sale vs CAP |
Sale vs MRP |
|
Mar 2014 |
40.77 |
69,671 |
£7,049 |
103.21% | 39.22% |
|
Mar 2015 |
42.83 |
69,830 |
£6,609 |
101.10% | 36.14% |
