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Fleet and lease LCV values remain strong

Demand for used LCVs remains strong with latest BCA figures showing year-on-year rises for both average and fleet/lease values.

BCA says demand for used vans remains strong

Data from the remarketing specialist’s auctions shows LCVs averaged £7,146 in November – down 2.4% on October but up 5.1% compared to November 2017 despite both average age and mileage rising. The firm added that in-lane and online auctions were well attended throughout November, with confident bidding across the national network.

Fleet and lease LCVs averaged £8,198 in November, down 1.5% on October but up by 6.0% on November 2017 despite rises in average age and months. Retained value against MRP (Manufacturer Recommended Price) fell marginally to 39.63%.

BCA COO UK remarketing Stuart Pearson commented: “November was another strong month for LCV sales at BCA with good levels of demand and average values well ahead year-on-year.

“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 provided they are priced in line with market expectations and in good cosmetic condition.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

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