BCA reports falling light commercial vehicle values
Light commercial vehicle values fell sharply at BCA last month, reversing two months of strong growth.
Average values fell to £7,888, with cost-of-living challenges and concerns around the Autumn Budget leading to buyer caution.
Stuart Pearson, BCA COO UK, said: “Average LCV values came under pressure between September and October, influenced by numerous factors that can traditionally play market dynamics at this time of year.
“The best-presented and most desirable light commercials continued to attract competitive bidding, while older, higher-mileage examples, and those in poor condition, need to be keenly priced to generate interest.”
He concluded “As we’ve moved out of October and into November, the clamour for those vehicles that can be quickly put to work to support the pre-Christmas parcel rush is once again evident.
“However, with good supply levels continuing to hit the market, our advice remains for sellers to be pragmatic around pricing, invest in the right level of refurbishment, and to keep stock turning by using all of the available tools and channels that working with BCA brings. “
