Average light commercial vehicle values rose during December at BCA, with the headline figure reaching £7,315, an increase of £169 (2.3%) over November.
Year-on-year values remain well ahead, up by £339, equivalent to a 4.8% increase over the period despite both average age and mileage rising.
Buyers were active on the run up to the festive period, and the shortened trading window created focused demand. In-lane and online auctions were well attended throughout December, with confident bidding across the national network.
Buyers continued to focus on the best specified and presented vehicles, with hard-worked, damaged or base specification examples needing to be sensibly valued if they are to sell first time.
BCA COO UK Remarketing Stuart Pearson commented, “December is a shortened trading period and creates focused buyer demand. Online buyers were very active during the month, competing strongly with in-lane bidders across the range of stock on offer. 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. 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.”
Fleet and lease LCVs averaged £8,276 in December, an increase of £78 over November’s average figure with retained value against MRP (Manufacturer Recommended Price) improving by half a percentage point to 40.15%. LCV values continue to demonstrate long-term growth, with December 2018 ahead of the same month in the previous year by £516 (6.6%) even with average age and mileage rising.