LCV values remain at ‘record levels’ at BCA

The average monthly value across all LCVs rose above £9,000 at BCA in January, representing the highest average monthly value since the onset of the pandemic in March 2020.

Used LCV values have now reached record levels for the three months running as demand for light commercials continued.

BCA recorded average used LCV values of £9,164 in January, an increase of £593 (6.9%) on what was a strong performance in December.

Average values outstripped guide prices by over six percentage points, highlighting the ongoing demand for LCV stock from professional buyers.  

Conversion rates for LCVs remain high, averaging in excess of 70% across the BCA online sales programme during January. 

Stuart Pearson, BCA’s chief operating officer in the UK, said: “The rising values for LCVs and high sale conversion levels we are seeing at BCA underline the wider market demand for light commercial vehicles. 

“The signs suggest that these high levels of demand will continue, particularly from the home delivery, final mile and courier sectors serving consumers who are buying online.”

However, he added: “While there is no sign of overall demand softening currently, we have seen some buyers being a little more selective when it comes to condition.”