Values of ex-fleet and lease LCVs remain near record high in November, says BCA

Values of ex-fleet and lease LCVS sold through BCA in November remained near record levels despite a slight month-on-month decline.

The values fell by just £57 to £7,727 over the month, with retained value against MRP (manufacturer recommended price) at 38.13%.

Year-on-year, values remain significantly ahead, up by £526 (7.3%) with average age and mileage declining when compared to the same period in 2016.

Overall, average light commercial vehicle values continued to rise at BCA, with the headline figure reaching a new record level of £6,794 driven by strong values in the fleet and lease sector and record prices paid for dealer part-exchange vehicles.

Buyer demand was sustained throughout the month, with inventory levels remaining high and good levels of supply from most sectors and at every price point.

Year-on-year values remain well ahead, up by £418, equivalent to an 6.5% increase over the period.

Average age and mileage continued to decline, reflecting the steady supply of corporate stock sold.

Duncan Ward, BCA’s LCV operations director, said: “November was another strong month for LCV sales at BCA with good levels of demand and strong average values achieved.

"BCA is offering a broad selection of attractive and desirable stock from a wide range of corporate and dealer sources and this is keeping buyers interested and prices firm.”

He added: “Professional buyers are competing strongly for LCVs that are in ready-to-retail condition, particularly any vehicles with a high specification or unusual configuration.

“Live Online bidding has been very strong and increased competition from online buyers is keeping values high.

"There is continued demand for vehicles to go straight to work in the parcel delivery and courier sectors to meet the needs of the online retailers.”