LCV demand remains high
BCA recorded the third highest average monthly value for light commercial sales and the second highest sold monthly volume since the onset of the pandemic in March.
BCA recorded average used LCV values of £7,757 in October, down by £237 on September. Average values continue to outstrip guide prices by around 10 percentage points, highlighting the ongoing demand for LCV stock from professional buyers.
Stuart Pearson, BCA COO UK remarketing, said: “October is typically the time of year when we start to see a shift in demand, and there was a feeling throughout the month that trading was moving towards a more seasonal pattern.
“In the weeks running up to Christmas, we would expect to see an uptick in demand for LCVs to meet the needs of the home delivery sector. However, LCVs have been in high demand throughout the majority of the year due to the significant shift towards online retailing and that demand has continued unabated into the autumn months.”
