Used LCV values remain strong despite June fall, BCA reports

Date: Friday, July 20, 2018 | Author: Sean Keywood

Average LCV values saw a slight fall in June, but overall demand remains strong, according to auction firm BCA.

Compared with May, the average value for June fell by £39, or 0.5%, to £7,463.

Despite the month-on-month decline, this was still the fourth highest value ever recorded by BCA, and a year-on-year improvement by more than £1,000, or 15.5%.

Fleet and lease LCV values fell month-on-month by £198, or 2.3%, to £8,180, but this was also the fourth-highest figure ever recorded and up £1,006, or 14%, year-on-year, with a fall in the average age and mileage of vans sold contributing to this increase.

Retained value against manufacturer recommended price fell by half a point from May to 40.25%.

Average part-exchange LCV values improved month-on-month by £154, or 3.5%, to £4,545 – the second highest figure on record – and by £483 or 11.8% year-on-year, despite comparative age and mileage rising over the period.

Following four consecutive monthly rises, nearly-new LCV values fell month-on-month by £634, or 3.7%, to £16,414.

Year-on-year values in this low volume sector were nearly £3,000 ahead.

BCA COO for UK remarketing Stuart Pearson said: “BCA continued to see very healthy levels of demand from professional LCV buyers in June, despite the excellent weather, the start of the FIFA World Cup and the fast approaching summer holiday period, distractions that have typically heralded a significant softening of demand in previous years.

“Auction attendance has been excellent across BCA’s nationwide remarketing network throughout June and bidding – both in-lane and online – has been very competitive across the board.”

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