Used LCV values fell slightly month-on-month in November, but saw a bigger increase year-on-year, according to auction firm BCA.
It reports that the month’s average sale price of £7,373 was a fall of just £17 compared with October, but an increase of £227 (3.2%) year-on-year, with corporate, dealer and nearly-new stock all rising.
BCA says buyer demand was sustained throughout the month, with good levels of supply from vendors at every price point.
It says buyers continued to focus on the best specified and presented vehicles, with hard-worked, damaged or base specification examples needing to be sensibly valued to sell first time.
Fleet and lease LCV values averaged £8,362 in November – an increase of 0.9% month-on-month and 2% year-on-year, despite average age and mileage both rising.
Part-exchange LCV values averaged £4,686 – an £89 drop from October’s record performance, but a £117 (2.6%) increase year-on-year, with BCA saying this section of the market has noticeably improved since the summer, with rising demand across the range of stock on offer.
Nearly-new values averaged £16,267 – up by £2,197 (15.6%) month-on-month and by £136 year-on-year, though as usual this segment is highly variable due to volumes reaching the market, the model mix factor and availability of stock.
BCA COO for UK remarketing Stuart Pearson said: “November 2019 was another strong month for LCV sales at BCA with good levels of demand and average values well ahead year-on-year.
“BCA is offering a broad selection of attractive and desirable stock from a wide range of corporate and dealer sources and this is keeping buyers interested and prices firm.
“There is ongoing demand for vehicles suitable to work in the parcel delivery and courier sectors and a continued focus on LCVs in ready-to-retail condition.”