LCV prices top £10,000 for first time
LCV values at BCA and passed £10,000 for the first time in July.
Average used LCV values rose by £187 during the month to reach £10,120, the highest recorded average monthly value on record at BCA. Values have now risen by £2,422 in the past year, equivalent to a 32% uplift.
Stuart Pearson COO BCA UK said: “The used LCV sector is experiencing a perfect storm, with the home delivery, courier, self-employed trades and also the leisure vehicle sector experiencing high demand for vehicles.
“The onset of the pandemic stimulated significant growth in online shopping and, as a result, the number of people working as self-employed delivery, courier and final-mile drivers has risen dramatically.
“While there is a view that value performance for LCVs couldn’t get much better, there is a real chance we will see a further spike in demand towards the end of the year to meet the needs of the Christmas trading period – particularly as the well-documented supply challenges around new vehicles continues to have an impact on the wider marketplace.”
