Average used LCV values grow to £7,146 in November

Average values for light commercial vehicles continued to grow in November, averaging £7,146 at BCA.

It’s a rise of 5.1% compared to the same month in 2017, according to the auction firm’s Pulse report, despite both average age and mileage rising. 

“November was another strong month for LCV sales at BCA with good levels of demand and average values well ahead year-on-year,” said BCA COO UK Remarketing Stuart Pearson.

“Professional buyers are competing strongly for LCVs that are in ready-to-retail condition, particularly any vehicles with a high specification or unusual configuration.  At the budget end of the market, older, higher mileage vans are selling providing they are priced in line with market expectations and in good cosmetic condition. 

“There is continued demand for vehicles to go straight to work in the parcel delivery and courier sectors to meet the needs of the online retailers,” he added.

Fleet and lease LCVs averaged £8,198 in November, maintaining a run of strong values that started in March of this year despite average age and mileage continuing to rise in recent months. 

Values were ahead of the same period last year by £471 (6.0%) with retained value against MRP (Manufacturer Recommended Price) falling marginally to 39.63%.