CommercialFleet

Fleet and lease LCV prices fall 2.2% in May at BCA

Van at BCA remarketing centre

Rising average age and mileage of fleet and lease LCVs saw their average values fall by 2.2% at BCA sales in May.

Compared to the same month last year, vans sold were on average two-and-a-half months older at 40.9 months having covered an average of 58,425 miles –  a rise of 1,086 year-on-year.

This contributed to the average value falling £186 compared to May last year to £8,192, which is also £102 lower than the previous month.

 

Fleet/Lease

Avg Age (mnths)

Avg Mileage

Avg Value

Sale vs MRP

May 2018

38.4

57,339

£8,378

40.82%

May 2019

40.9

58,425

£8,192

38.56%

 

However, the fall in fleet and lease values went against the overall trend, with headline values for used LCVs increasing 2.8% (£198) to £7,397 with a good balance of supply and demand despite two bank holidays and half-term creating the usual seasonal impact on trading activity.

Stuart Pearson, BCA COO, UK remarketing said: “BCA saw steady levels of LCV business during May.

“Across the network, professional buyers continue to focus on good quality, well-presented stock to attract retail customers, although vehicles presented for sale with damage or poorly prepared need to be sensibly valued to sell first time. 

“Those sellers that use BCA Valuations insight to price accurately and in line with market expectations continue to attract the best following from professional buyers.”

May also saw BCA expand its LCV sales programme with growing number of multi-channel events.

New sales in Bridgwater and Leeds have been added to the existing programme at Blackbushe, Manchester, Measham, Glasgow and Wolverhampton, with a new event being added in Paddock Wood this month.

Pearson added: “BCA’s enhanced LCV auction calendar offers more choice to our buyers and a more frequent selling platform for our vendors.  This also allows our customers the chance to turn their inventory more efficiently and provide our buyers with more choice, with every sale available to remote bidders via BCA Live Online.

“In addition, BCA’s programme of online only LCV auctions has gained significant traction in 2019 with branded sales providing buyers with even greater choice.”



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