CommercialFleet

Used van values decrease in July

van at BCA auction

Used van values slipped from £7,463 in June to £7,221, but the longer-term trend continues to show value growth across the LCV sector, with year-on-year values ahead by £668 (10.1%) and July’s figure being the fifth highest on record. 

Stuart Pearson, chief operating officer UK remarketing at BCA, says that values stalling in July was not surprising given it was the start of the holiday season.

He continued: “Whilst a changing model mix impacted headline values, auction attendance remained very positive across BCA’s nationwide remarketing network and bidding continued to be very competitive, resulting in improved conversion rates for corporate sellers in particular.”

Fleet and lease LCV values fell by just £49 (0.6%) to £8,131 in July, still the fifth highest value on record and ahead of the same period last year by £995 (13.8%).  Retained value against MRP (Manufacturer Recommended Price) fell by three quarters of a point to 39.56%.  

Average part-exchange LCV values slipped to £4,383, a 3.5% decline from the near record level seen in June but year on year values were up by nearly 10% with comparative age and mileage slightly declining.

Nearly-new LCV values reduced to £15,559 in July, but remained ahead by £415, year-on-year and as mentioned each month, these values have to be taken in the context of the very low volumes reaching the market, the model mix factor and availability of stock.   

Year-on-year table: All vans

 

All vans

Avg Age (mnths)

Avg Mileage

Avg Value

July 2017

49.60

65,881

£6,553

July 2018

49.92

66,329

£7,221

 

 

Year-on-year table: Fleet & lease vans

 

Fleet/Lease

Avg Age (mnths)

Avg Mileage

Avg Value

Sale vs MRP

July 2017

39.14

58,745

£7,176

36.72%

July 2018

39.28

59,094

£8,131

39.56%

 

Year-on-year table: Part-Ex vans

Part-Ex

Avg Age (mnths)

Avg Mileage

Avg Value

July 2017

80.40

90,009

£4,012

July 2018

79.77

88,336

£4,383

 

 

Year-on-year table: Nearly-new vans

 

Nearly-new

Avg Age (mnths)

Avg Mileage

Avg Value

July 2017

8.80

10,961

£15,144

July 2018

8.53

9,475

£15,559

 

 



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