BCA’s LCV buyer customers reported improved demand at retail level as January progressed, despite the continuing economic pressures affecting the small business sector and reports that business confidence has fallen amongst SMEs. Looking in detail at the weekly reports shows that average values rose quickly in the New Year, peaking at over £10,600 later in January, well ahead of where they have reached in recent weeks.
Average price data shows some volatility in recent weeks however special events can play heavily into these variances. Vans suitable to be put to work in the burgeoning home delivery sector along with more specialist vehicles that support the civil engineering, building and construction trades still remain highly desirable, but condition and presentation have become increasingly important for professional buyers.
Following on from the record value of £10,812 seen in January, February maintained the consistent run of strong values seen throughout recent months, averaging £10,441 – the second highest monthly value ever recorded. Values averaged 101.2% of guide price across the board during the month.
Year-on-year values remained well ahead, up by £339, equivalent to a 4.8% increase over the period despite both average age and mileage rising.
