CommercialFleet

LCV prices rise for second month, says BCA

Used Light Commercial Vehicle (LCV) prices have risen for the second month running, according to the BCA pulse report.

The average value of a used LCV sold through the auction provider rose £23 to £5,931 in July, but up by £387 or 6.9% compared to a year ago.

Year-on-year table: All vans

All vans

Avg Age (mnths)

Avg Mileage

Avg Value

July 2015

56.30

76,182

£5,544

July 2016

53.42

69,632

£5,931

 

The fleet and lease sector saw average values rise marginally from £6,754 in June, to £6,779 in July. 

Year-on-year table: Fleet and lease vans

 

Fleet/Lease

Avg Age (mnths)

Avg Mileage

Avg Value

Sale vs MRP

July 2015

42.76

70,572

£6,280

34.21%

July 2016

39.89

60,578

£6,779

35.15%

 

BCA’s head of commercial vehicles, Duncan Ward, said: “We expected to see some pressure on average values between now and the new registration plate in September.” 

But with increasing numbers of low mileage, good condition vehicles entering the market sellers are being warned to prepare their vehicles well.

“Buyers have more choice now than they have experienced at any time this year and are understandably focussing on the best presented vehicles,” explained Ward.

He added “There is plenty of interest from buyers in well presented, good quality commercial vehicles, but poorer presented vans must look good value for money if they are to compete.”

Values have been relatively stable over the past three months following on from the highpoint recorded in April.   Retained value against MRP (Manufacturer Recommended Price) improved marginally to 35.15%. 

Year-on-year, values were up by £499 (7.9%), with performance against MRP up by one percentage point.  Both age and mileage have dropped over the year, with average mileage falling by almost exactly 10,000 miles.



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