LCV values enjoy steady growth

Average LCV values at BCA rose by £115 – or 1.3% – to £8,855 in March 2024.

This comes after the wider LCV market grew 11.1% to 52,916 units across the month to record the best March performance for three years.

Growth was driven by a 45% uptick in demand for small vans, while even the large van market swelled by 16%.

Stuart Pearson, BCA COO UK, said: “With good levels of interest from buyers and confident bidding across the range of product on offer, BCA can report on a strong start to LCV sales in 2024.

“March trading continued the pattern established in the first two months of the year, with steady demand for vans in good condition and even stronger interest for any commercial vehicle with a retail-style specification. Vehicles carrying damage need to be sensibly valued if they are to sell first time and the daily-updated BCA Valuations data helps vendors set realistic reserves that reflect real market conditions.”