BCA reports slight decline in used LCV values

Date: Friday, September 24, 2021 | Author: Sean Keywood

The average price of used LCVs sold at auction was down slightly in August, but still the third highest on record, according to BCA.

The auction company said the £9,874 average was down by £246 month-on-month, but up by £2,165 (28%) year-on-year.

During August, BCA said average values exceeded price guide expectations by 3.3%.

BCA UK COO Stuart Pearson said: “Professional buyer interest at BCA continues to be exceptionally strong for LCVs and we continue to enhance our LCV cataloguing, our grading process and our online buyer services to support the largest registered buyer base for light commercial vehicles in the UK.

“Traditionally, August has been one of the quieter months for LCV sales, with school holidays and the late summer Bank Holiday understandably impacting trade activity. However, the normal seasonal patterns have all but disappeared in 2021 and competition remains incredibly strong for any vehicle that is ready to go to work.

“These market changes underline just how significantly the remarketing sector is evolving to meet the changing needs of our customers.”

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