Latest BCA Commercial Pulse shows that a competitive marketplace and continued demand from professional buyers helped push average values for fleet and lease vans to £7,201 in November.
Retained value against MRP (Manufacturer Recommended Price) improved to 36.87%. Year-on-year, values were up by £650 (9.9%), with both average age and mileage continuing to decline compared to the same period in 2015.
Average LCV values were up by £599 (10.3%), year-on-year.
BCA’s head of commercial vehicles, Duncan Ward, commented: “November was another strong month for LCV sales at BCA with average values improving across all sectors. BCA is offering a broad selection of attractive and desirable stock and this is keeping buyers interested and prices firm.”
He added: “Professional buyers are competing strongly for LCVs that are in ready-to-retail condition, particularly any vehicles with a high specification or unusual configuration. At the budget end of the market, older, higher mileage vans are selling providing they are priced in line with market expectations. Live Online bidding has been very strong and increased competition from online buyers is keeping values high.
“Non-trade buyers have also been active in recent weeks and this has had a notable effect on performance in the dealer part-exchange sector where values have been climbing since the onset of autumn. There is continued demand for vehicles to go straight to work in the parcel delivery and courier sectors to meet the needs of the online retailers.”
