Light commercial vehicle values rose during December at BCA, with both average and fleet and lease values showing rises compared to the previous month and year on year.
The figures show that fleet and lease LCVs averaged £8,276 in December, an increase of 1.0% (£78) over November’s average figure with retained value against MRP (Manufacturer Recommended Price) improving by half a percentage point to 40.15%. LCV values continue to demonstrate long-term growth, with December 2018 ahead of the same month in the previous year by 6.6% (£516) even with average age and mileage rising.
Average LCV values reached £7,315, an increase of 2.3% (£169) over November. Year-on-year values remain well ahead, up by 4.8% (£339) despite both average age and mileage rising.
Commenting on the figures, BCA COO UK remarketing Stuart Pearson said: “December is a shortened trading period and creates focused buyer demand. Online buyers were very active during the month, competing strongly with in-lane bidders across the range of stock on offer. There was plenty of interest for any vehicles with a retail type specification, an unusual configuration or special equipment and, as always, any vehicle suitable for the delivery or courier markets was sought after.
“Early signs are the market has returned strongly in January, with good attendance at sales since the turn of the year and plenty of activity from online bidders.”