Used LCV prices hit 16-month high
Average used light commercial vehicle values reached their highest point for 16 months in September, according to data released by British Car Auctions (BCA). Following three month-on-month drops, September saw average values increase by £353 to £4,409 from the £4,056 recorded in August; a rise of 8.7 per cent.“We were confident to predict last month that September would see values rising, but the level of increase has been even greater than we expected,” commented Duncan Ward BCA’s general manager, commercial vehicles. “We saw slightly more vans from corporate fleet sources in September, but demand is still outstripping supply. As a result the average value increase in the fleet and lease sector was nearly £400 compared to August.
“Trade buyers are having to look further afield to secure the stock they need and we have seen a significant uplift in the numbers logging onto BCA Live Online and our Bid Now/Buy Now internet platforms. Many are looking at older, higher mileage vehicles or even damaged stock to satisfy their buying requirements. As a direct consequence we have also seen values rise in the dealer P/X sector, while demand for the very few late year, low mileage LCV’s remains intense.”











