Increased volumes responsible for slight fall in July van values

A rise in the number of vans passing through BCA auctions led to a slight fall in average values in July.

Average values for light commercial vehicles fell slightly to £5,544 in July from £5,587 in June, a fall of £43 (0.7%) over the month.

In contrast, year-on-year values were ahead by £46 (0.8%) with age static and mileage declining in 2015.  Performance against CAP was down by over two points compared to last year at 99.49%.  

BCA’s head of commercial vehicles, Duncan Ward, said:“As we said last month, we expected to see some pressure on average values between now and the new registration plate in September.  Not only have volumes risen in the wholesale markets with some questions over poor condition stock, the new van market is very buoyant and there are some very tempting deals about.  Buyers have more choice now than they have experienced at any time this year and are understandably focussing on the best presented vehicles.”

Values for fleet and lease LCVs averaged £6,280 in July – a fall of £167 (2.6%) compared to June.  CAP performance fell by over two points to 99.03% from 101.26% in June and retained value against MRP (Manufacturer Recommended Price) declined by a point to 34.2%.   Year-on-year, values were down by £184 (2.8%), with performance against MRP down by one and a half points.