Average values for used light commercial vehicles rose across the board during January 2020 at BCA, including record results for fleet and lease vans.
Demonstrating the ongoing strength of the sector, fleet and lease LCVs averaged £8,537 at BCA in January 2020, up 2.3% (£199) over December’s figure and the highest monthly value ever recorded for corporate LCV stock at BCA. Year-on-year values were up by 3.9% (£324) with average age and mileage both rising. Sales performance against Manufacturer Recommended Price fell by just one percentage point year-on-year.
Dealer part-exchange values also rose to new record levels, and nearly-new LCVs saw improved values year-on-year. As a result, the headline figure for all LCVs sold by BCA also hit an all-time high at £7,636, an increase of 4.7% (£343) over the December 2019 figure and up by 4.2% (£307) year-on-year. That was despite a rise in average age from 51.5 months to 52.1 although average miles fell from 68,291 to 67,982.
BCA COO UK remarketing Stuart Pearson commented: “The year got off to a flying start with outstanding engagement across all LCV events with confident bidding from both physical and digital bidders. New records were set both in-lane and online with consistent demand across all product sectors, driving the strong values in this month’s BCA Pulse report.”