CommercialFleet

Used LCV values fall in April

Values for fleet and lease LCVs averaged £6,459 in April – a fall of £150 (2.2%) compared to March, according to BCA. 

CAP performance fell back by half a point to 100.54% and retained value against Manufacturer Recommended Price fell by a similar amount to 35.6%.  

Year-on-year, values were down by £276(4.1%).

Year-on-year table: Fleet and lease vans

Fleet/Lease

Avg age (months)

Avg mileage

Avg value

Sale vs CAP

Sale vs MRP

Apr 2014

41.51

69,666

£6,735

100.59%

38.06%

Apr 2015

42.53

69,375

£6,459

100.54%

35.60%

 
Overall, average values for light commercial vehicles fell in April to £5,508, a fall of £108 (1.9%) compared to March. However, year-on-year, average values were up by £113 (2.0%) compared to March 2014, with performance against CAP virtually static over the year. 
 
BCA’s head of Commercial Vehicles, Duncan Ward, said: “Although we are reporting some price pressure as a result of rising supply and the typical seasonal issues we experience post-Easter, there is still plenty of demand from professional buyers and end-users.  Average values for light commercial vehicles have risen significantly over time.
 
“With record numbers of small businesses being set up as the economy recovers there has been steady interest for panel vans of all types and capacities, as well as more specialised vehicles such as Lutons, dropsides and tippers. One of the first assets small businesses, partnerships and sole traders are likely to acquire is a company van and that is being reflected in the wider wholesale market.”
 


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