Rising volumes put pressure on used LCV values, finds BCA

In contrast, year-on-year values were ahead by £46 (0.8%) with age static and mileage declining in 2015. Performance against CAP was down by over two points compared to last year at 99.49%. 

Year-on-year table: All vans

BCA’s head of commercial vehicles, Duncan Ward, commented: “As we said last month, we expected to see some pressure on average values between now and the new registration plate in September.  Not only have volumes risen in the wholesale markets with some questions over poor condition stock, the new van market is very buoyant and there are some very tempting deals about.  Buyers have more choice now than they have experienced at any time this year and are understandably focussing on the best presented vehicles.”

Values for fleet and lease LCVs averaged £6,280 in July – a fall of £167 (2.6%) compared to June. CAP performance fell by over two points to 99.03% from 101.26% in June and retained value against MRP (Manufacturer Recommended Price) declined by a point to 34.2%. BCA found that year-on-year, values were down by £184 (2.8%), with performance against MRP down by one and a half points.

Year-on-year table: Fleet & lease vans

Average part-exchange LCV values declined for the second month running in July, although the fall was minimal at just £20 (0.5%) over the month to £3,723. According to BCA, CAP average comparisons fell by 1.5 points to 101.3% but continue to outperform the fleet & lease sector.Year-on-year values were ahead by £86 (2.3%), while CAP performance declined by two points over the year.