The LCV market came under the usual seasonal pressures in August, with fleet and lease values falling although values for dealer entered stock continued to rally.
BCA data shows that the headline value fell by 2.8% (£199) to £6,957 compared to July as a result of the usual seasonal trends and shifting model mix. Year-on-year, the value was down 3.1% (£223) while average age climbed from 50.9 to 51.9 months. Average mile was down from 66,880 in August 2018 to 64,941.
BCA COO UK remarketing Stuart Pearson commented: “With the summer holiday season in full swing, the LCV market experienced some mixed results during August however towards the end of the month, buyer demand started to rally.”
“There was the usual pre-plate change August scenario, with rising volumes of similar models in uniform specifications and colours, often in poor quality and this impacted demand. As ever our advice is for sellers to price their vehicles accurately and in line with market expectations to widen the base of available buyers and help to churn stock more efficiently.”
Fleet and lease LCVs averaged £7,644 at BCA in August 2019, a fall of 4.1% (£325), month-on-month. Year-on-year values were down by 6.0% (£491) as average age continued to rise, from 39.5 to 42.0 months while mileage was down from 58,757 to 58,488. Sales performance against Manufacturer Recommended Price fell by 3.3 percentage points year-on-year, from 39.8% to 36.5%.
