BCA’s specialist LCV Pulse report showed average values for used light commercial vehicles rose during January 2019 at BCA.
The headline figure for all LCVs sold by BCA during the month reached £7,329, an increase of £14 over the December 2018 figure.
Year-on-year values for all LCVs sold by BCA during January 2019 were up by £502, equivalent to a 7.3% increase over the period with both average age and mileage rising.
BCA reported good attendance at light commercial sales nationwide and strong bidding from both in-lane and Live Online bidders during January.
Chief Operating Officer UK Remarketing, Stuart Pearson said: “BCA reports good attendance at light commercial vehicles sales and confident bidding from both in-lane and online bidders during January 2019.
“BCA customers also benefitted from the launch of our new Buyer app that is streamlining the buying process to ensure that they never miss a vehicle. The Buyer app offers mobile access to the largest range of used vehicles in the UK with the ability to search and track stock in real-time.”
Fleet and lease LCVs averaged £8,213 at BCA in January 2019, and increase of £692 (9.2%) compared to January 2018 with retained value against MRP (Manufacturer Recommended Price) improving by 2.2 percentage points to 39.47%.
Part-exchange LCV values averaged £4,754, the second highest monthly value on record. Year-on-year values were ahead by £179, equivalent to a 3.9% increase over January 2018, with comparative age falling and mileage rising, the latter by over 5,000 miles.
Nearly-new LCV values averaged £17,208, the highest average monthly value recorded at BCA in over a year. Year-on-year values were up by £2,798 (19.4%). As always, these values have to be taken in the context of the low volumes reaching the market, the model mix factor and availability of stock.