CommercialFleet

Average used van values rise in November

van in auction lane at BCA

Average values improved by £227 (3.2%), year-on-year, for light commercial vehicle values at BCA in November, 2019. 

Corporate, dealer and nearly-new stock all rose compared to 2018 and in-lane and online auctions were very well attended throughout the month.

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. 

Year-on-year table: All vans

All LCVs

Avg Age (mnths)

Avg Mileage

Avg Value

Nov 2018

53.1

69,720

£7,146

Nov 2019

53.1

68,550

£7,373

 

BCA chief operating officer for UK remarketing, Stuart Pearson, said: “November 2019 was another strong month for LCV sales at BCA with good levels of demand and average values well ahead year-on-year.

“Bidding via the BCA Buyer app and BCA Live Online has been strong and increased competition from digital buyers is keeping values firm.  There is ongoing demand for vehicles suitable to work in the parcel delivery and courier sectors and a continued focus on LCVs in ready-to-retail condition.”

Fleet and lease LCVs averaged £8,362 at BCA in November 2019, an increase of £72 (0.9%), month-on-month and the third highest monthly average value ever recorded for corporate LCV stock at BCA. 

Year-on-year values were up by £362 (2.0%) despite average age and mileage both rising.  Sales performance against Manufacturer Recommended Price fell by 1.7 percentage points year-on-year.

Year-on-year table: Fleet & lease LCVs

Fleet/Lease

Avg Age (mnths)

Avg Mileage

Avg Value

Sale vs MRP

Nov 2018

40.8

60,310

£8,198

39.6%

Nov 2019

41.8

60,683

£8,362

37.9%

Part-exchange LCV values averaged £4,686 at BCA in November 2019, a fall from last month’s record performance, but ahead by £117 (2.6%) year-on-year. 

The market for part-exchange stock has noticeably improved since the summer months, with rising demand across the range of stock on offer.

Year-on-year table: Part-Ex LCVs

Part-Ex

Avg Age (mnths)

Avg Mileage

Avg Value

Nov 2018

80.8

91,901

£4,569

Nov 2019

80.5

89,254

£4,686

Nearly-new LCV values averaged £16,267 at BCA in November 2019, a significant month-on-month improvement of £2,197 (15.6%) and ahead by £136, year-on-year.  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.  

Year-on-year table: Nearly-new LCVs

 

Nearly-new

Avg Age (mnths)

Avg Mileage

Avg Value

Nov 2018

9.1

11,075

£16,131

Nov 2019

9.0

9,713

£16,267

 

 



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