LCV values continue upward trend at BCA
LCV values at BCA rose for the second month running in September to an average price of £8,460.
This represents a substantial £568 (7.2%) uplift month-on-month and a rise of £1,010 (13.6%) compared to September last year.
BCA also recorded 2,600 unique buyers for LCVs in September and more than 9,000 LCV sales made it the highest monthly volume since the early spring.
Year-to-date, LCV values at BCA are now more than £8,000, which is equivalent to more than 104% of price guide expectations.
Exceptional demand
Stuart Pearson, BCA COO UK said: “Demand for used LCVs at BCA during September was exceptional, with every metric showing a notable uplift over previous months, and particularly of note was the highest average value seen for some 18 months.
“Buyer numbers increased throughout the month, with new customers continuing to be drawn to BCA’s seamless buying experience – attracted by our seven-day-a-week online sales programme and the industry’s widest selection of stock.”
He continued: “With new LCV sales reported to be down by 2.1% year-on-year in September, the used market is stepping in to meet demand from SMEs and sole traders. Professional buyers tell us that sourcing the right stock is increasingly competitive, and with forecourt inventory of used LCVs still well below expectations, this pressure is unlikely to ease anytime soon.
“As home delivery services gear up for the seasonal surge ahead of Christmas, and combined with the shortfall of new LCV activity, competition in the used LCV marketplace is expected to remain intense over the coming weeks.”
