CommercialFleet

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. 



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