BCA reveals LCV price revival
BCA has revealed that LCV values reached their highest point since September in January, reversing a run of three consecutive monthly falls.
Values improved by £727 over the month, or nine per cent, to reach £8,764.
The new van sector also continued to return positive results, growing for the 13th consecutive month with UK new van registration volumes rising 8.4% to 23,962 units in January, the highest volume recorded for the month in three years.
Stuart Pearson, BCA COO UK, said: “There has been a steady lift in confidence in the used LCV sector since the turn of the year, although it still feels like there is room for this to improve further. As we said last month, the LCV wholesale market is likely to see a return to more seasonal trends in the coming weeks and we expect to see good levels of stock availability, particularly from rental, fleet, lease and contract hire sources.
“Condition remains a key factor to ensure that product is attractive to the widest addressable market, and we’re continuing to work closely with a number of customers to ensure that optimal values are achieved through a data driven approach to refurbishment. With our online sales programme offering thousands of light commercial vehicles each week, our buyer customers can be confident that they will be presented with the stock they need, when they need it.”
