Average light commercial vehicle values continued to rise at BCA in December, with the headline figure reaching a new record level of £6,976.
The trend seen around declining age and mileage continued along with seasonal factors coming into play as the year came to a close.
Buyers were active on the run up to the festive period, and the shortened trading window certainly created focused demand. Year-on-year values remain well ahead, up by £580, equivalent to a 9.0% increase over the period.
BCA’s LCV operations director, Duncan Ward, said: “December is a shortened trading period and creates focused buyer demand. There was plenty of interest for any vehicles with a retail type specification, an unusual configuration or special equipment and, as always, any vehicle suitable for the delivery or courier markets was sought after. However, any vehicle in poor condition struggled to get the buyers attention unless it was keenly valued. Early signs are the market has returned strongly in January, with good attendance at sales since the turn of the year and plenty of activity from online bidders.”
The fleet and lease LCV sector saw a small improvement in average values in December, rising by just £33 to £7,760, the second highest figure on record. Retained value against MRP (Manufacturer Recommended Price) was stable at 38. 09%. Year-on-year, values remain significantly ahead, up by £586 (8.1%), with average age and mileage declining when compared to the same period in 2016.