Fleet LCV values fall slightly at BCA in June but remain near record high

Average values of fleet and lease LCVs sold at BCA fell 2.3% to £8,180 in June, still the fourth highest figure on record.

BCA Commercial Pulse June reported that this was 14% (£1,006) higher than for the same month, with average age and mileage also falling.

Both factors will have contributed to the significant price evolution in the past year.

Overall values in June saw a slight reduction from May with values slipping by £39 (0.5%) to £7,463.

This was also the fourth highest on record at BCA and year-on-year values remain ahead by more than £1,000 (15.5%). Both mileage and age reduced compared to a year ago.

Stuart Pearson, BCA COO UK remarketing, said: “BCA continued to see very healthy levels of demand from professional LCV buyers in June, despite the excellent weather, the start of the FIFA World Cup and the fast approaching summer holiday period, distractions that have typically heralded a significant softening of demand in previous years.”