Used LCV values at BCA rose for the third month running in January 2021, reaching their highest level since the onset of the pandemic.
BCA recorded average used LCV values of £9,164 in January, up 6.9% or £593 on an already strong performance in December. It’s the highest average monthly value since the pandemic started in March 2020, with average values outstripping guide prices by over six percentage points.
Conversion rates for LCVs also remained high, averaging in excess of 70% across the BCA online sales programme during January.
Stuart Pearson, BCA COO UK, commented: “The rising values for LCVs and high sale conversion levels we are seeing at BCA underline the wider market demand for light commercial vehicles.”
Pearson added that demand is particularly strong from home delivery, final mile and courier sectors serving consumers who are buying online – and the high level is expected to continue.
But while there is no sign of overall demand softening currently, BCA said it has seen some buyers being a little more selective when it comes to condition – and it’s urging vendors to value stock realistically.