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LCV values hit highest-ever level, reports BCA

LCV values at BCA reached record levels in December, with average values continuing to outstrip guide prices by around seven percentage points.

Fleet and lease LCVs averaged £8,571 at BCA in December 2020; the highest monthly value ever recorded for corporate LCV stock at BCA

The average value of £8,571 at BCA in December was up 0.9% (£73) on the exceptionally strong performance of £8,498 reported in November; marking a new high.

BCA said it highlighted the ongoing demand for LCV stock from professional buyers, as shown by record levels of activity between Christmas and New Year when the company staged an enhanced programme of online auctions and Bid Now, Buy Now sales.

BCA is now offering up to 700 light commercial vehicles in online sales being run six days a week, covering vehicles including panel vans, tippers, dropsides, flatbeds, pick-ups, Lutons, refrigerated vans and minibuses.

This includes commercial vehicles direct from LeasePlan, after the two firms announced a new five-year remarketing services agreement earlier this month.

Conversion rates remain high, averaging in excess of 80% across the BCA online sales programme during December and sales volumes are ahead year-on-year as the demand from the home delivery, final mile and courier sectors continues.

The high levels of demand have also continued into the new year, with average values continuing to rise.

Stuart Pearson, BCA COO UK remarketing, commented: “It is likely this will be maintained while the UK remains in lockdown conditions. With fast-changing government advice on handling the pandemic as safely as possible, we might expect to see short-term periods of volatility – BCA Valuations delivers daily valuation intelligence to ensure buyers and sellers are fully informed and in tune with the actual market conditions.”

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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 - or gossip.

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