LCV values still on a high as supplies remain scarce

The average van at BCA sold for £5,560 in September, the third highest monthly average value on record.

Compared to August, part-exchange values increased, while fleet & lease and nearly-new values declined.  Year-on-year values remain well ahead by £402 (7.7%), with age falling and mileage static.  Performance against CAP was down by just over a point compared to 2013.

Year-on-year table: All vans 

Commenting on the figures, BCA’s general manager for commercial vehicles, Duncan Ward, said: ‘There can be little doubt that the improving economic background is giving a boost to the used LCV market, and small and medium-sized enterprises (SMEs) remain positive about future prospects.  The shortage of good retail quality stock is helping to keep values firm and competition is high for well-presented vans in good colours.’

‘We are now moving into the time of year when the demand for parcel, courier and delivery vans of all types and capacities starts to ramp up, and this will help to keep values firm over the coming weeks.’

Values for fleet and lease LCVs averaged £6,550 in September with CAP performance improving by half a point to 103.5% and retained value against Manufacturer Recommended Price falling slightly compared to August at 36.26%. Year-on-year, values were up by £142 (2.2%), with performance against CAP down by one and half points on 2013. 

 Year-on-year table: Fleet & lease vans

 Part-exchange LCV values improved by £113 (3.1%) in September, reversing three months of decline to reach an average of £3,691.   CAP average comparisons improved by two points to 106.1% and continue to outperform the fleet & lease sector.  Year-on-year values remain ahead by £182 or 5.1%, with the average van being both older and higher mileage in 2014. 

Year-on-year table: Part-Ex vans 

Nearly-new LCV values averaged £12,729 in September with CAP comparisons falling slightly to 99.28% over the month.  As always, this has to be taken in the context of the very low volumes reaching the market and the model mix factor.