Average light commercial vehicle values at BCA climbed to the second highest point on record in September.
The headline value improved sharply over the month, rising from £7,180 to £7,568, a £388 increase equivalent to a 5.4% uplift, the highest value since April 2018 and the second highest on record.
The longer-term trend continues to show significant and sustained value growth across the LCV sector, with year-on-year values ahead by £1,007, a 15.1% increase. Online sales of LCVs continue to rise, with BCA reporting over 44% of all sales to online bidders during September.
“The LCV market at BCA has seen continued value and volume growth throughout 2018, with values currently 15% ahead of where they were last year. BCA offered increased volumes of stock during September and demand from buyers was strong across the board, with corporate vendors enjoying excellent conversion rates and average values rising to a new record high,” said Stuart Pearson, COO UK remarketing.
Fleet and lease LCV values at BCA improved by £382 (4.7%) to £8,517 in September, the highest value on record in the sector. Values were ahead of the same period last year by £1,026 (12.6%) with retained value against MRP (Manufacturer Recommended Price) rising by a percentage point to 40.96%.
Nearly-new LCV values have remained stable over the past three months and fell by just 0.7% (£111) to £15,622 in September. Year-on-year values at BCA were ahead by £986, equivalent to a 6.7% uplift compared to September 2017.