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Used LCV values and sold volumes still rising, BCA reports
Date: Friday, October 30, 2020 | Author: Sean Keywood
The average value of LCVs sold at auction, along with the volume sold, continued to rise during September, according to auction firm BCA.
Average values were up by 3.7% compared with August, reaching £7,994 – the second highest value recorded since the coronavirus lockdown earlier this year, with values averaging nearly 113% of guide value.
Sold volumes during the month were up by 38.1%, reaching record levels, with sale conversion in excess of 90% in most sales.
BCA COO for UK remarketing Stuart Pearson said: “September was another very strong month for light commercial vehicle sales, with sold volumes rising by over 38% month-on-month.
“Professional buyer interest remains exceptionally high, with online engagement continuing to rise and the number of unique buyers competing for stock at BCA rising steadily every month.
“The average BCA selling price for LCVs improved by £285 during the month and performance against guide values at BCA continues to be positive.”
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