BCA reports rising used LCV values

Date: Thursday, March 7, 2019 | Author: Sean Keywood

The average value of LCVs sold at auction rose slightly month-on-month during January, according to figures released today (7 March) by BCA.

The auction firm says the average of £7,329 was a £14 increase on the previous month, as well as a £502 (7.3%) increase compared with January 2018.

The fleet and lease segment saw values fall by £63 month-on-month to £8,213, though this was still a £692 (9.2%) increase year-on-year, with retained value against manufacturer recommended price improving by 2.2% to 39.47%.

Part-exchange values were also down slightly month-on-month, by £6, but January was still the second best month on record, with the average of £4,754 equivalent to a 3.9% year-on-year increase, with comparative age falling and mileage rising.

Nearly-new values rose month-on-month by £284 to £17,208 – the highest seen in more than a year and a £2,798 (19.4%) year-on-year increase, though as usual BCA has warned these values have to be taken in the context of low volumes reaching the market, the model mix factor and availability of stock.

BCA COO for UK remarketing Stuart Pearson said: “BCA reports good attendance at light commercial vehicles sales and confident bidding from both in-lane and online bidders during January 2019.

“BCA customers also benefitted from the launch of our new Buyer app that is streamlining the buying process to ensure that they never miss a vehicle.

“The launch of the new app marks a busy 2019 for BCA that will see a wave of innovation that will make it easier than ever to buy with BCA.”

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