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‘Unseasonably strong’ demand at auction

The latest available data from BCA shows “unseasonably strong” demand for LCVs during August, traditionally a month that sees lower values.

Average values for fleet and lease, dealer part-exchange and nearly-new vans all rose, and for the first time all three sectors achieved over 100% of CAP values.

According to BCA's Pulse report, average used LCV values across the board improved in August by £179 to £3,745 – the highest point since April 2008. Year-on-year values were ahead by over £500.

“August certainly outperformed the customary summer holiday season market,” said Duncan Ward, BCA's general manager of commercial sales.  “Supplies of good retail quality vans were relatively limited and buyers were bidding strongly for the best examples – particularly from the fleet sector where competition was intense.

“Professional buyers who usually buy stock exclusively from corporate sources were having to look further afield and were bidding on younger or older vehicles to stock their forecourts.

“It remains to be seen if the market is going to march on into the autumn months and perhaps consistently register values to compare with the market highpoint in early 2008.  But it could mark a significant point in the price recovery for LCVs.”

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