Used LCV values reach ‘highest point in six months’

Average used light commercial vehicle (LCV) values at BCA rose by £115 (1.3%) to reach £8,855 in March, the highest value recorded since September of last year.

The increase in average values was thanks to steady demand and an improving stock mix, while sold volumes rose for the third consecutive month.

Stuart Pearson, BCA UK’s chief operating officer, said: “With good levels of interest from buyers and confident bidding across the range of product on offer, BCA can report on a strong start to LCV sales in 2024. 

“Momentum has grown throughout the first quarter and thanks to BCA winning and retaining significant levels of vendor business, we can offer our buyer customers an even wider choice of LCV stock in our daily sales programme.”

Pearson explained that March trading continued the pattern established in the first two months of the year, with steady demand for vans in good condition and even stronger interest for any commercial vehicle with a retail-style specification. 

“Vehicles carrying damage need to be sensibly valued if they are to sell first time and the daily-updated BCA Valuations data helps vendors set realistic reserves that reflect real market conditions,” he added.

There more than 50,000 new LCVs registered in March as more businesses upgraded to the very latest models than in any other month during the past three years.