Average used LCV values fall from March high point
Average used LCV values at BCA fell in April to £8,131 from March’s two-year high of £8,727.
However, values were still £141 ahead of the same month last year.
Stuart Pearson, BCA COO UK, said: “The light commercial vehicle sector has settled into a steady pattern of demand following a stronger than expected Easter period when both sold volumes and values rose compared to previous years.
“Condition remains the driver of demand for LCVs and we continue to see exceptional levels of interest for well presented, lower mileage vehicles as well as improving interest for electric LCVs as confidence grows in the sector.
“Correspondingly, we are seeing some evidence of a two-tier market developing as older, higher mileage vehicles, typically in poorer condition are proving less desirable and it is critical that sellers take a pragmatic approach to pricing, as well as investing in appropriate refurbishment to broaden the potential buyer audience.”
Momentum
He concluded: “The LCV market has continued in a similar fashion into May, with buyers gravitating towards those sales where vendors are realistic about prices, and decisive when it comes to provisionals.
“More of the same is expected in the weeks ahead, and we continue to advise customers to stay close to the detail and make use of all of the pricing tools available.”
