CommercialFleet

Average used LCV values remain high at BCA in August

BCA platform

Light commercial vehicle (LCV) values continued at strong levels at British Car Auctions (BCA) in August, averaging £9,874 over the month, the third highest average value on record.

Average monthly values have risen by £2,165 in the past year, equivalent to a 28% increase compared to August 2020.

BCA reported more than 2,000 online buyers competed for LCV stock at BCA in August and average values exceeded price guide expectations by 3.3%.

Stuart Pearson, BCA chief operating officer UK remarketing, said: “Professional buyer interest at BCA continues to be exceptionally strong for LCVs and we continue to enhance our LCV cataloguing, our grading process and our online buyer services to support the largest registered buyer base for light commercial vehicles in the UK.

“Traditionally, August has been one of the quieter months for LCV sales, with school holidays and the late summer Bank Holiday understandably impacting trade activity.

“However, the normal seasonal patterns have all but disappeared in 2021 and competition remains incredibly strong for any vehicle that is ready to go to work.

“These market changes underline just how significantly the remarketing sector is evolving to meet the changing needs of our customers.”

Bidding on LCVs at BCA has outperformed guide price expectations over recently months, it said, with conversions driving average values to more than 103% of guide across the board.


Fleet & Mobility Live 2021

Fleet & Mobility Live - less than one week to go

CV content you can look forward to at our show:

  • Making the business case for electric vehicles, with DPD
  • Establishing a robust EV workplace charging infrastructure, with Dundee City Council and Urban Foresight
  • Alternative fuels: a long-term view for vans and trucks, with John Lewis Partnership
  • Driver and staff recruitment and retention, with Logistics UK and Driver Require.

Register now

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Related content

What's the tax liability on my van?

Calculate the BIK tax on any van on sale today with our van tax calculator

How green is your van?

Check out the CO2 emissions for new vans with our CO2 calculator?