BCA reports monthly increase, but yearly fall in used LCV values

Date: Monday, October 28, 2019   |   Author: Sean Keywood

The average value of used LCVs rose during September, according to auction firm BCA.

The headline average of £7,034 was an improvement of £77 (1.1%) month-on-month.

However, it was a fall of £534 year-on-year, with a slight increase in the average age of vehicles sold, but a slight reduction in mileage.

In the fleet and lease sector, an average sale price of £7,800 was a £156 (2%) increase-month-on-month, but a £717 (8.4%) fall year-on-year, with average age up and mileage static.

Part-exchange LCV values were up by just £6 month-on-month to £4,524, which represented a £104 (2.2%) fall year-on-year, despite average age and mileage falling.

The nearly-new LCV average of £13,833 was a £254 drop month-on-month, and a £1,789 drop year-on-year, with BCA issuing a reminder that these values can be volatile due to low volumes reaching the market, the model mix factor and availability of stock.

BCA COO for UK remarketing Stuart Pearson said: “We saw LCV demand improve markedly at BCA in September, with rising stock levels and a more diverse model mix at a variety of price points to encourage professional buyers, who were out in force and sourcing stock. 

“The average monthly value across all LCVs sold at BCA improved in September, despite average age continuing to rise.  It was the first monthly uplift across the board we have seen since May 2019.” 





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