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