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LCV values enjoy steady growth
- 23/04/2024
- Posted by: Alan Feldberg
- Category: News
Average LCV values at BCA rose by £115 – or 1.3% – to £8,855 in March 2024. This comes after the wider LCV market grew 11.1% to 52,916 units across the month to record the best March performance for three years. Growth was driven by a 45% uptick in demand for small vans, while even the large van market [...] -
LCV values hold firm
- 22/03/2024
- Posted by: Alan Feldberg
- Category: News
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 [...] -
LCV demand hits highest mark since 1998
- 07/03/2024
- Posted by: Alan Feldberg
- Category: News
Demand for new light commercial vehicles grew by 2.2% last month to 17,934 units, completing 14 months of consecutive growth making it the best performing February since 1998. Registrations of vans weighing greater than 2.5 to 3.5 tonnes rose by 1.4% to 12,300 units, while deliveries of small vans weighing up to [...] -
LCV values end 2023 on downward turn
- 16/01/2024
- Posted by: Alan Feldberg
- Category: News
LCV values at BCA averaged £8,037 in December, the lowest monthly figure recorded since the UK was in lockdown in 2020. This continued a downward trend during 2023, after values peaked at £10,325 in April. Stuart Pearson, BCA COO UK, said: “As last year drew to a close we continued to see the effects of a [...] -
LCV values under intense pressure
- 14/11/2023
- Posted by: Alan Feldberg
- Category: News
BCA has reported that LCV values came under pressure in October as professional buyers continued to react to the tough economic conditions affecting the wider market, particularly the small business sector. Following a brief recovery in September when values rose by £368 (4.1%) month-on-month to £9,247, the [...] -
LCV sales growth hits two-year high
- 07/11/2023
- Posted by: Alan Feldberg
- Category: News
Britain’s new light commercial vehicle (LCV) registrations increased by 17.7% in October with 26,342 units joining Britain’s fleets. According to the latest figures published by the Society of Motor Manufacturers and Traders, the growth is some 3.8% above pre-pandemic 2019 levels and rounds off 10 consecutive [...] -
Van drivers risk £703m in fines
- 06/11/2023
- Posted by: Alan Feldberg
- Category: News
Almost half (48%) of UK van drivers admitted that they overloaded their vans last year, despite 89% claiming to know the legal weight restriction for their light commercial vehicle. This is according to a survey by Volkswagen Commercial Vehicles. Overloading a vehicle by as much as 30% of its gross vehicle [...] -
Van drivers report £3.5bn worth of stolen tools
- 28/09/2023
- Posted by: Alan Feldberg
- Category: News
New research has revealed that more than a third of van drivers have been a victim of tool theft in the last 12 months. According to Volkswagen Commercial Vehicles, 36% have seen their vans broken into and equipment stolen, up from 33% in 2020, with UK tradespeople reporting £3.5bn worth of stolen tools last [...] -
EV demand rises as LCV sales increase
- 06/09/2023
- Posted by: Alan Feldberg
- Category: News
The UK new light commercial vehicle (LCV) market grew for the eighth consecutive month in August, rising five per cent to 16,303 units. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), the market for medium-sized vans drove growth in the month, surging 72.1% to [...] -
LCV prices reach record high
- 23/06/2023
- Posted by: Alan Feldberg
- Category: News
Auctioneer Aston Barclay has reported that second-hand light commercial vehicle prices reached a new record high at the end of May. It said demand for brand new models is also continuing to grow. Prices have now grown by 8.3% since January, reaching £9,057, with the average mileage of vans on the used market [...]