AHEAD: LCV market looking good, claim BCA
Light commercial vehicle values climbed £6 in July, according to British Car Auctions’ (BCA) latest Pulse report – reversing the drop of the previous two months.
BCA found that professional demand remains strong, despite the market entering one of the traditionally slower times of the year.
However, they have recommended vendors should be valuing stock realistically, as volumes ‘will inevitably rise in the weeks ahead’.
The average July figure of £4,772 for all LCVs represented a small rise of just £6 compared to June – though was up £543 (12.8%) on July 2012.
Average age remained around 58months, although average mileage increased for the third month running.
Compared to 2012, average age rose from 56.76, while average mileage also jumped from 79,400.
Meanwhile, fleet and lease values fell by £171 (3.1%) to £5,782, but remain 15% ahead year-on-year after going up to £753.
Average age and mileage also enjoyed a drop compared to July 2012.
Duncan Ward, General Manager of Commercial Vehicles at BCA, said: “The summer holiday period is typically a weaker time for demand but values have been maintained at a similar level to last month largely as a result of the low levels of supply.
“Trade buyers are continuing to focus on the very best retail vehicles which are routinely making exceptional money, while vans in poor condition may struggle for attention.”
“Sellers should consider adjusting valuations now on poorer condition vans with a view to remarketing them before volumes begin to rise and buyers have more choice from mid-September onwards.”