BCA reports monthly rise in used LCV values

Date: Tuesday, July 2, 2019   |   Author: Sean Keywood

The average price of used LCVs sold at auction went up by 2.8% during May, according to newly-released figures from BCA.

The £7,397 average meant a £198 month-on-month increase, although it also represented a £105 year-on-year fall.

Values for part-exchange vans rose by £95 (2%) during May to £4,708 – the fourth-highest figure on record, and a 7.2% increase on May 2018, although thecomparitive age and mileage of vehicles sold was down.

The fleet and lease sector saw an average price of £8,192 – a month-on-month fall of £102, and a year-on-year fall of £186, which BCA blamed on a rise in vehicle age and mileage.

The highly variable nearly-new sector saw an average price of £15,441 – a month-on-month fall of £246, and a year-on-year fall of £1,607.

BCA COO for UK remarketing Stuart Pearson said: “BCA saw steady levels of LCV business during May. 

“Across the network, professional buyers continue to focus on good-quality, well-presented stock to attract retail customers, although vehicles presented for sale with damage or poorly prepared need to be sensibly valued to sell first time.”

 

 



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