The LCV market experienced the usual seasonal pressures in August 2019 as corporate entered fleet and lease LCVs saw values fall back, reports BCA.
Fleet and lease LCVs averaged £7,644 at BCA in August 2019, a fall of £325 (4.1%), month-on-month. Year-on-year values were down by £491 (6.0%) as average age continued to rise. Sales performance against Manufacturer Recommended Price fell by 3.3 percentage points year-on-year.
The headline value fell by £199 (2.8%) to £6,957 as a result, as model mix continued to shift during the month.
BCA UK Remarking’s chief operating officer, Stuart Pearson, said: “With the summer holiday season in full swing, the LCV market experienced some mixed results during August, however towards the end of the month, buyer demand started to rally.”
He says that there was the usual pre-plate change August scenario, with rising volumes of similar models in uniform specifications and colours, often in poor quality and this impacted demand.
“As ever our advice is for sellers to price their vehicles accurately and in line with market expectations to widen the base of available buyers and help to churn stock more efficiently,” he continued.
Part-exchange LCV values improved for the second month running, rising by £38 (0.8%) to £4,518 at BCA during August 2019. Year-on-year values also improved at BCA, rising by £143 (3.2%), with average age and mileage falling compared to a year ago.
Nearly-new LCV values averaged £14,087 at BCA in August 2019. As always, these values have to be taken in the context of the volumes reaching the market, the model mix factor and availability of stock.