LCV demand driving price rises

Used LCV values rose £346 from April to May at BCA to record the third highest average monthly value on record.

The average price for more than 2,000 sales was £9,375, as values continue to outstrip market expectations by a significant margin.

Stuart Pearson COO BCA UK said: “During 2021 we have seen used LCV values accelerate significantly, as the rise in online shopping continues to drive demand from the home delivery, courier and final mile sectors.

“Looking ahead, with ongoing supply pressures in the new van market, we expect that demand in the wholesale arena will typically continue to outstrip supply and values will remain extremely robust. Whether this continues to reach the dizzy heights that we’ve seen over the last 18 months is hard to predict, but after everything that we’ve seen happen in the market, nothing should come as a surprise.”