LCV values up 28% in a year

LCV values at BCA averaged £9,874 in August, the third highest average value on record. Average monthly values now have risen by £2,165 in the past year, equivalent to a 28% increase.

Stuart Pearson, BCA COO UK Remarketing commented “Professional buyer interest at BCA continues to be exceptionally strong for LCVs and we continue to enhance our LCV cataloguing, our grading process and our online buyer services to support the largest registered buyer base for light commercial vehicles in the UK.

“Traditionally, August has been one of the quieter months for LCV sales, with school holidays and the late summer Bank Holiday understandably impacting trade activity.  However, the normal seasonal patterns have all but disappeared in 2021 and competition remains incredibly strong for any vehicle that is ready to go to work. These market changes underline just how significantly the remarketing sector is evolving to meet the changing needs of our customers.”