Christmas rush for LCVs at BCA
BCA has revealed that demand for used LCVs continued to grow through November, with buyers seeking vehicles to service the online shopping and home delivery sector in the run-up to Christmas.
The month-on-month figures rose by £240 (2.5%) in November 2022 compared to October to reach £9,914, the highest monthly value recorded since July of this year.
Stuart Pearson, COO BCA UK, said: “Demand for LCVs responded to seasonal pressures and we saw average selling values improve at BCA during November. Values increased for light commercials suitable to service the hub delivery, courier and final mile home delivery sectors ahead of Christmas and there was sustained interest in 4WD commercial vehicles as the weather worsened during November.”
He continued: “There continues to be a shortage of late plate, low mileage commercial vehicles reaching the wholesale sector, reflecting the issues affecting the new LCV market which declined by 22.2% in November – the lowest level for the month since 2013. This dearth of stock at the front end is likely to mean that used van values should remain resilient and we are expecting this to continue into the New Year.”
