Average used van values edge up in June, says BCA

Date: Monday, July 13, 2015   |   Author: Daniel Puddicombe

Average values for commercial vehicles sold at auction increased by £29 to £5587 in June, compared to the previous month, BCA said in its monthly Pulse report.

Year-on-year values were also ahead – by 3.4% (£188), with both age and mileage declining in 2015.

Ex-fleet and lease vans averaged £6339 at auction in June, `a fall of £48 (0.7%) compared to May, while year-on-year values were down by £119. Part-exchange LCV values increased by £40 in June to £3743, compared to May and year-on-year, values were ahead by £100.

“Poor condition stock, or commonplace models, particularly in corporate colours need to be sensibly valued to sell first time. There is little to be gained by placing over-aspirational reserve valuations on LCVs if the market is not prepared to meet those expectations,” said Duncan Ward, BCA’s head of commercial vehicles. “What we have seen so far this summer very much follows the pattern of previous years and, in reality, the marketplace has not shifted significantly from last month as demand remains strong for good retail-quality stock.”



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