Used LCV values drive market confidence

Used light commercial vehicle (LCV) values have increased sharply since the start of the year, driving confidence in the market.

On average, prices have risen by more that £800 since January.

LCV values averaged £7,998 in February, according to BCA, representing an increase of £274 compared to January’s figure of £7,724 and equivalent to a 3.5% increase over the month.

February returned the highest average monthly value for LCVs since May 2024, well ahead of the market low point recorded in December last year when average monthly values dipped below £7,000 for the first time since 2019.

LCV values have continued to outperform guide price expectations, averaging 103.7% across the month, up by 3.3 percentage points so far this year. BCA reported rising levels of buyer engagement since the turn of the year and good levels of demand that seems set to continue with many customers still reporting low inventory levels.

Sold volumes continue to rise at BCA, with more than 10,000 LCVs sold in February 2025.

Stuart Pearson, BCA COO UK, said: “Currently there is a level of confidence in the LCV market that has produced some exceptional results, fuelled by a very attractive mix of stock and some very strong buyer engagement.”

“Increased volume can often dilute pricing, however in a month where more than 10,000 LCVs were sold at BCA, real values increased and guide price performance lifted.

“Whilst only a few weeks into the new year, there’s a very healthy balance between supply and demand, which is welcome news for both sellers and buyers alike.  March trading has continued with a similar pattern and whilst we could see some pressure as we move over the Easter period, following the sharp drop in values during 2024, the expectation is for a calmer and more predictable marketplace than experienced last year.”