Strong start to year at BCA auctions

Date: Wednesday, February 14, 2018 | Author: Sean Keywood

Average values of LCVs sold at auction by BCA in January were the second-highest ever recorded.

Despite falling back slightly on the all-time high recorded in December 2017, the average value of £6,827 was still a year-on-year increase of £418, or 6.5%.

Contributing to this trend, BCA reported that the average age and mileage of LCVs on sale continued to fall.

The fleet and lease sector recorded an average value of £7,521 – again, a slight fall on the previous month, but a big increase year-on-year at £423, or 5.9%.

Having fallen in December, largely as a result of seasonal pressures, according to BCA, average part-exchange LCV values rose sharply in January to reach £4,575, the highest point on record.

Year-on-year, this meant values were up by £555, or 13.8%, although again BCA said comparative age and mileage were notably lower.

Nearly-new LCV values fell from the record levels seen in December to £14,410 in January.

BCA said 47% of purchases in January were via its BCA Live Online service.

BCA LCV operations director Duncan Ward said: “The market has returned strongly in January, with good attendance at sales since the turn of the year and plenty of activity from online bidders.

“We handled record volumes of LCVs at BCA in January, as we launched the UK’s most extensive commercial vehicle auction programme with new regular sales commencing in Blackbushe, Glasgow and Wolverhampton.”

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