Used van values decrease in July

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%