CommercialFleet

LCV values still on a high as supplies remain scarce

Average values for light commercial vehicles remained at near record levels in September according to BCA’s latest Pulse report, as professional buyers competed strongly for the stock on offer and supplies of retail-ready vans continued to be scarce.

The average van at BCA sold for £5,560 in September, the third highest monthly average value on record.

Compared to August, part-exchange values increased, while fleet & lease and nearly-new values declined.  Year-on-year values remain well ahead by £402 (7.7%), with age falling and mileage static.  Performance against CAP was down by just over a point compared to 2013.

All vans

Avg Age (mnths)

Avg Mileage

Avg Value

Sale vs CAP

Sept 2013

59.33

80,217

£5,158

105.19%

Sept 2014

56.39

80,591

£5,560

103.94%

BCA’s general manager – commercial vehicles, Duncan Ward, said: "There can be little doubt that the improving economic background is giving a boost to the used LCV market, and small and medium-sized enterprises (SMEs) remain positive about future prospects.  The shortage of good retail quality stock is helping to keep values firm and competition is high for well-presented vans in good colours.”

He added “We are now moving into the time of year when the demand for parcel, courier and delivery vans of all types and capacities starts to ramp up, and this will help to keep values firm over the coming weeks.”

Values for fleet and lease LCVs averaged £6,550 in September with CAP performance improving by half a point to 103.5% and retained value against Manufacturer Recommended Price falling slightly compared to August at 36.26%.   Year-on-year, values were up by £142 (2.2%), with performance against CAP down by one and half points on 2013. 

 



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