LCV demand remains steady
BCA has reported that the LCV market remained stable for the fifth month in a row during October, with values averaging £9,861.
That is £2,104 more than the same month last year, equivalent to a 27.1% uplift. In contrast, values have moved by just £259 or 2.6% across the past five months.
Stuart Pearson, BCA COO UK said: “Similar new vehicle supply issues have impacted both the car and commercial vehicle market place in 2021, albeit the acceleration of LCV prices came much earlier in the year. However, values have remained stable since the LCV sector saw prices peak in the summer, which potentially highlights what’s to come for cars too.
“The long waiting lists for new commercial vehicles continue and our buyer base has been enhanced by increased activity from the franchised dealer networks who have been particularly competitive when it comes to sourcing used stock. With delays in delivery of some new models anticipated to continue well into next year, LCV values in the wholesale used market are expected to remain strong for some months to come.”
