Average LCV values have continued to climb to record levels in April 2018.
It is the third month running that values have been at record levels at BCA, as competitive bidding continues across the range of stock on offer nationwide.
During the month of April, average LCV values rose by £108 to reach £7,572, representing a 1.4% uplift.
Year-on-year, values are up by 17.7%, one of the biggest percentage uplifts ever recorded by the Pulse report. Both mileage and age continued to fall compared to a year ago.
As in previous months, much of the uplift was driven by the corporate sector, where values rose by £195 to record levels as buyers competed both in-lane and online.
“Demand for good quality LCV stock is currently outstripping supply across the BCA network, particularly for vehicles in ready-to-retail condition, where there is intense competition amongst buyers whether they buy physically in-lane or digitally via BCA Live Online.
“Unsurprisingly, the corporate sector continues to enjoy high levels of demand as professional buyers compete strongly for one-owner vans to meet the needs of their retail customers and BCA’s expanded nationwide LCV sales programme is presenting buyers with a greater choice of vehicles,” said Stuart Pearson, BCA COO UK Remarketing.
Fleet and lease LCV values continued to rise and reached record levels for the second month running. Values improved by £195 (2.3%) to reach £8,486. Retained value against MRP (Manufacturer Recommended Price) also increased, rising by one point to 40.45%.
Login to comment
Comments
No comments have been made yet.