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Fleet and lease values fall back in May

Average and fleet and lease values declined in May but remained near record levels, according to BCA.

LCV values remain at near record levels
LCV values remain at near record levels

The firm’s latest data shows fleet and lease LCV values fell back by 1.2% (£108) to £8,378 last month compared to April while retained value against MRP increased marginally to 40.82%.

Year on year, values are substantially ahead, up 16.7% (£1,199) compared to May 2017, with average age falling by one month and mileage over 2,400 lower.

Following three consecutive record months, average LCV values fell by 0.9% (£70) to £7,502 in May compared to April, although this is the second highest figure on record at BCA Year-on-year, average values remain ahead by a significant amount, up by 16.2% (£1,050). Both mileage and age continued to fall compared to a year ago.

BCA COO UK remarketing Stuart Pearson said: “Demand for good quality LCV stock in ready-to-retail condition continues is outstrip supply across the BCA network, and professional buyers are competing strongly whether they buy physically in-lane or digitally via BCA Live Online.”

“Despite the approaching summer holiday season, trading levels remain good and professional buyers remain very active.  The LCV market is less prone to the seasonal adjustments that traditionally occur in the car market, partly driven by different levels of supply but also by the nature of purchasing.  We continue to see plenty of interest in panel vans to serve the home delivery sector and high levels of demand for vehicles suitable for work in the construction and building trades.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 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.

Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news.

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