August average LCV values and sold volumes increase

BCA is reporting that average values for used light commercial vehicles improved at BCA in August as sold volumes continued to rise. 

Demand, it says, remains exceptionally strong, with values continuing to average well in excess of guide prices and sale conversion averaging over 95% in most sales.

Average LCV values at BCA rose from £7,698 in July to £7,709 in August, averaging nearly 13% over guide value expectations with sold volumes increasing by over 7% during the month.

Stuart Pearson, BCA’s chief operating officer for UK Remarketing, said: “Professional buyer interest continues to be exceptionally strong for LCVs with a notable uptick in activity from volume buyers and increasing numbers of buyers bidding online across the board. 

“We are seeing levels of online engagement in our daily LCV sales programme continuing to increase significantly.”

He continued: “Sold volumes of LCVs rose by over 7% at BCA in August with the average selling price improving marginally during the month and performance against guide values at BCA continuing to be exceptionally high.”

BCA stages online LCV sales daily with an entry of panel vans, car derived vans, dropsides, tippers, minibuses, crewcabs, Lutons and pickups on offer from vendors including UKCGR Commercials, BCA Outsourced Solutions, Inchcape, ALD Automotive and Black Horse alongside a wide range of other fleet, lease, rental, finance and dealer sellers. 

Up to 600 vehicles are offered daily and BCA launched a new Saturday sale on September 19, offering LCVs from UKCGR Commercials and BCA Outsourced Solutions.