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Used LCV values reach six-month high
Date: Tuesday, April 23, 2024 | Author: Sean Keywood
The average value of used LCVs sold at auction reached a six-month high in March, according to BCA.
The auction firm said the average sale price rose by 1.3% month-on-month to £8,855, the highest seen since September 2023.
Sold volumes also rose for the third month in a row.
BCA UK COO Stuart Pearson said: “With good levels of interest from buyers and confident bidding across the range of product on offer, BCA can report on a strong start to LCV sales in 2024.
“Momentum has grown throughout the first quarter and thanks to BCA winning and retaining significant levels of vendor business, we can offer our buyer customers an even wider choice of LCV stock in our daily sales programme.
“March trading continued the pattern established in the first two months of the year, with steady demand for vans in good condition and even stronger interest for any commercial vehicle with a retail-style specification.
“Vehicles carrying damage need to be sensibly valued if they are to sell first time and the daily-updated BCA Valuations data helps vendors set realistic reserves that reflect real market conditions.”
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