Used LCV values begin to stabilise, says BCA

BCA auction

Used van values have remained stable for the last four month, following a period of rapid growth earlier in the year.

In September, the average price of a used LCV sold at BCA was £9,902 – a month-on-month rise of £18.

Average monthly values have risen by £1,908 in the past year, but in the last four months BCA has seen a “period of stability” with average values moving by £246 across the period.

Stuart Pearson, BCA COO UK said: “The LCV market remains very robust with average values hardly moving over the last four months. Supply and demand is currently really well balanced in this sector and we continue to see the best presented vans achieving some outstanding prices.

“There is a real chance that we could see values strengthen further towards the end of the year to meet the needs of the Festive trading period – particularly as the well-documented supply challenges around new vehicles continues to have an impact on the wider marketplace.”

At rival firm Manheim, used vans achieved five-figure average selling prices for the fourth consecutive month in September, reaching record highs.

The Cox Automotive business recorded an average selling price of £10,930 in September, after last month’s previous record set at £10,554.

Both the average mileage and average age of vans sold at auction were the highest seen all year, indicating how competitive buyers are becoming for LCV stock as they clamour for typically older van profiles.

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