Used LCV values hit two-year high at BCA
Average used LCV values rose to £8,727 at BCA last month, the highest average price recorded in two years.
This represents a rise of four per cent month-on-month and 5.6% year-on-year.
Meanwhile, buyer numbers have increased 10% so far this year, with sold volumes rising to more than 10,400 units.
Stuart Pearson, BCA COO UK, said: “The air of optimism across the used LCV sector continued into March, with values reaching a 24-month high even as volumes rose again.
“This is being driven by elevated levels of buyer engagement from our customer base, suggesting that used LCV retail remains active despite wider geo-political concerns. Anecdotally we are aware that some retailers are finding sourcing stock increasingly demanding, particularly when bidding for the best quality, retail ready LCVs.”
He added: “Values for clean condition, lower mileage vehicles are routinely exceeding price guide expectations by considerable margins, particularly where customers are buying to order.
“There is also plenty of interest for older, higher mileage stock providing the condition is fair and vehicles are realistically valued to sell, and we continue to work closely with an increasing number of customers to support an intelligence driven process to drive the optimal level of preparation in this area.”
