Average LCV values at BCA reached their second highest average monthly value on record during December 2021 on the back of strong demand for stock.
Average values went up to £10,001 last month, up year-on-year by 16.7% (£1,430) while the month-on-month rise stood at 0.7% (£72). Values averaged 99.5% of guide price across the board during December.
December’s figure maintained the consistent run of strong values seen throughout 2021 and showed the sustained demand for vehicles to service online shopping, home delivery and the buoyant trade sectors.
Stuart Pearson, BCA COO UK, commented: “There was a boom in values in the used LCV sector following the onset of the pandemic with the huge shift towards more consumer-driven online activity. While this may have been expected to dissipate during 2021, values remained incredibly robust with no sign of demand wavering. The bounce-back of the home trade sector continues to fuel values, in spite of well documented supply shortages.”
Strong buyer activity was seen across the festive season as BCA staged a comprehensive programme of sales between Christmas and the New Year, with over 400 different customers purchasing LCVs in the final week of 2021.
Pearson added: “This was a strong result for LCV sales in what has traditionally been one of the quieter trading months of the year. Our buyer customers appreciated the opportunity to purchase vehicles throughout the festive period, replenishing stock and getting prepared for what we all anticipate will be a buoyant market in 2022.”
The picture for 2022 is also looking highly positive already.
Pearson concluded: “With the ongoing pressure on new vehicle supply, there is every expectation that used van values will remain resilient and we are already seeing signs of increasing demand in the early days of 2022.”
