Values of ex-fleet and lease LCVs rise 3.9% to record level at BCA in October

Values of ex-fleet and lease LCVs rose £293 (3.9%) at BCA in October to a record £7,784, according to the latest BCA Pulse report.

Retained value against MRP (manufacturer recommended price) improved by one percentage point to 38.49%.

Year-on-year, values are significantly ahead, up by £594 (8.2%), with average age and mileage declining when compared to the same period in 2016.

BCA saw average values rise across the board, with the headline figure reaching a new record of £6,764.

Year-on-year values remain well ahead, up by £386, equivalent to an 6.0% increase over the period.  Average age and mileage continued to decline, reflecting the growing share of corporate stock sold as well as the higher volumes of younger rental stock seen over recent months. 

Duncan Ward, BCA’s LCV operations director, said: “Volumes remained healthy in October and we saw the expected fluctuations around the autumn half-term period. 

"Oversupply of base models in corporate colours will always impact price performance, particularly as the used buyer favours a retail-type colour and specification.

"Even with the seasonal factors, values increased across the board during October as the best stock attracted premium values.”

He added “The approaching Christmas period is creating pockets of demand for large volume vans suitable for delivery work, and we continue to experience plenty of demand for tippers, dropsides and Lutons, with scarcity driving value for these vehicles.

"There has been steady demand for vehicles to service the online shopping sector, the construction and civil engineering industries and the small business and entrepreneurial start-up sector.”