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Residual values for LCVs reach all-time high in January
Date: Monday, February 24, 2020 | Author: Illya Verpraet
Average values for used LCVs started the year strongly, reaching an all-time high of £7,636 in January, vehicle remarketing company BCA has reported.
That figure represents an increase of £343 (4.7%) over the December 2019 figure and £307 (4.2%) over January 2019’s average value.
Fleet and leasing values averaged £8,537 at BCA auctions in January - £199 more than in December and £324 more than in January 2019.
Part-exchange values averaged £4,788 in January 2020, an increase of £222 (4.9%) compared to the previous month, and another new record value for BCA. Year-on-year, values improved by £34, with similar average age and mileage.
The only category that saw values fall compared to December was nearly-new vans, which were sold for an average of £17,357, a drop of just £60 but still an increase of £149 compared to January last year.
BCA COO for UK remarketing Stuart Pearson commented, “The year got off to a flying start with outstanding engagement across all LCV events with confident bidding from both physical and digital bidders.”
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