AVERAGE LCV values improved to £10,001 at BCA during December 2021 as buyers competed strongly for stock during the final weeks of the year.  It was the second highest average monthly value on record and maintained the consistent run of strong values seen throughout 2021.

Sustained demand for vehicles to service online shopping, home delivery and the buoyant trade sectors ensured average values remained well ahead year-on-year.

Buyer activity continued into the festive season as BCA staged a comprehensive programme of sales between Christmas and the New Year, with over 400 different customers purchasing LCVs in the final week of 2021.

The month-on-month figures in December rose by £72 (0.7%) to £10,001, while average year-on-year values were up by £1,430, (equivalent to a 16.7% increase).  Values averaged 99.5% of guide price across the board during December.

Stuart Pearson, BCA COO UK said: “This was a strong result for LCV sales in what has traditionally been one of the quieter trading months of the year.  Our buyer customers appreciated the opportunity to purchase vehicles throughout the festive period, replenishing stock and getting prepared for what we all anticipate will be a buoyant market in 2022.”

He added “There was a boom in values in the used LCV sector following the onset of the pandemic with the huge shift towards more consumer-driven online activity.  While this may have been expected to dissipate during 2021, values remained incredibly robust with no sign of demand wavering.  The bounce-back of the home trade sector continues to fuel values, in spite of well documented supply shortages.”

Pearson concluded “With the ongoing pressure on new vehicle supply, there is every expectation that used van values will remain resilient and we are already seeing signs of increasing demand in the early days of 2022.”

BCA’s commercial vehicle auctions offer up to 700 vehicles each day and attract up to 2,000 different buyers each week.

 

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