LCV values hold firm

LCV values dipped just 0.3% between January and February, according to data from BCA.

It reported that average values were £8,740 across the month, down just £24 on January and up by 8.7% compared to December.

Prices held due to strong demand, with the van sector growing for the 14th month in a row in February.

Stuart Pearson, BCA COO UK, said: “The confidence we saw emerging at the start of 2024 has continued into February with excellent buyer engagement, firm prices and an improved churn of stock. Our daily online light commercial vehicle sales allow us to track sentiment very closely and ensure our sellers and buyers are aligned on market valuations.

“Whilst only a few months into the new year, the feeling of seasonal trends previously talked about is getting further established and there’s a good balance between supply and demand, which is welcome news for both sellers and buyers alike.

“March trading has continued to follow a similar pattern and whilst we could see some pressure as we move over the Easter period, the trade is well versed in how to navigate this and there is a feeling of a better balanced and more predictable marketplace in the months ahead.”