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BCA reports used LCV market stability
Date: Friday, November 26, 2021 | Author: Sean Keywood
Used LCV values have remained stable for the fifth month in a row, according to auction company BCA.
It reported an average sale price in October of £9,861, down by just £41 on September, but £2,104 up on October 2020, a 27.1% increase.
Values have remained within a £259 range for the last five months recorded.
BCA UK COO Stuart Pearson said: “Similar new vehicle supply issues have impacted both the car and commercial vehicle market place in 2021, albeit the acceleration of LCV prices came much earlier in the year.
“However, values have remained stable since the LCV sector saw prices peak in the summer, which potentially highlights what’s to come for cars too.
“The long waiting lists for new commercial vehicles continue and our buyer base has been enhanced by increased activity from the franchised dealer networks who have been particularly competitive when it comes to sourcing used stock.
“With delays in delivery of some new models anticipated to continue well into next year, LCV values in the wholesale used market are expected to remain strong for some months to come.”
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