BCA reports used LCV average values increase

BCA’s specialist LCV Pulse report showed average values for used light commercial vehicles rose during January 2019 at BCA.

The headline figure for all light commercial vehicles (LCVs) sold by BCA during January reached £7,329, an increase of £14 over the December 2018 figure.

Year-on-year values for all LCVs sold by BCA during January 2019 were up by £502, equivalent to a 7.3% increase over the period with both average age and mileage rising.

BCA reported good attendance at light commercial sales nationwide and strong bidding from both in-lane and Live Online bidders during January.

Year-on-year table: all vans

All vans Avg Age (mnths) Avg Mileage Avg Value
Jan 2018 49.79 65,705 £6,827
Jan 2019 51.51 68,291 £7,329

Fleet and lease LCVs averaged £8,213 at BCA in January 2019, and increase of £692 (9.2%) compared to January 2018 with retained value against MRP (manufacturer recommended price) improving by 2.2 percentage points to 39.47%.

Year-on-year table: fleet and lease vans

Fleet/Lease Avg Age (mnths) Avg Mileage Avg Value Sale vs MRP
Jan 2018 38.45 58,915 £7,521 37.27%
Jan 2019 40.18 59,312 £8,213 39.47%

Part-exchange LCV values averaged £4,754 at BCA in January 2019, the second highest monthly value on record.  Year-on-year values were ahead by £179, equivalent to a 3.9% increase over January 2018, with comparative age falling and mileage rising, the latter by over 5,000 miles.

Year-on-year table: part-ex vans

Part-Ex Avg Age (mnths) Avg Mileage Avg Value
Jan 2018 80.78 86,351 £4,575
Jan 2019 79.57 91,973 £4,754

Nearly-new LCV values averaged £17,208 at BCA in January 2019, the highest average monthly value recorded at BCA in over a year.  Year-on-year values were up by £2,798 (19.4%).

As always, these values have to be taken in the context of the low volumes reaching the market, the model mix factor and availability of stock, said BCA.

Year-on-year table: nearly-new vans

 

Nearly-new

Avg Age (mnths) Avg Mileage Avg Value
Jan 2018 8.48 11,243 £14,410
Jan 2019 8.90 10,150 £17,208

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