Average van values drop in April

BCA Pulse

Average light commercial vehicle values declined by £95 in April, according to BCA Pulse, as model mix changed and demand softened slightly in the post-Easter period.

Despite this, the first four months of 2017 have achieved the four highest monthly average values on record at BCA. 

With relatively fewer late-plate, higher-value rental vans reaching the market, the headline average LCV value declined to £6,431, a fall of 1.4%.

Year-on-year values continue to be well ahead, however, up by £465, equivalent to a 7.9% increase.  Average age and mileage continued to decline, largely as a result of the influx of younger rental stock over recent months.

There was a slight softening of demand in the post-Easter period, but fleet & lease values remained on a par with last month, while dealer P/X values declined from the record level achieved in March.  Nearly-new values improved for the first time this year, although model mix is crucial in this low volume sector.

The fleet and lease LCV sector saw average values steady at £7,091 in April, a fall of just £2 compared to March.  Retained value against MRP (Manufacturer Recommended Price) improved slightly to 36.14%.   Year-on-year, values were up by £273 (4.0%), with average age and mileage declining when compared to the same period in 2016. 

Comment as guest

Login  /  Register


No comments have been made yet.

Related content

What's the tax liability on my van?

Calculate the BIK tax on any van on sale today with our van tax calculator

How green is your van?

Check out the CO2 emissions for new vans with our CO2 calculator?