USED LCV values at BCA reached record levels for the third month running in January as demand for light commercials continued.
The average monthly value across all LCVs rose above £9,000 at BCA in January, representing the highest average monthly value since the onset of the pandemic in March 2020.
BCA recorded average used LCV values of £9,164 in January, a substantial increase of £593 (6.9%) on what was a strong performance in December. Average values outstripped guide prices by over six percentage points, highlighting the ongoing demand for LCV stock from professional buyers.
Conversion rates for LCVs remain high, averaging in excess of 70% across the BCA online sales programme during January. BCA has the largest registered professional buyer base for light commercial vehicles and levels of online engagement in the LCV sales programme continues to increase significantly.
BCA stages online LCV sales daily with an entry of panel vans, car derived vans, dropsides, tippers, minibuses, crewcabs, Lutons and pickups on offer from vendors including UKCGR Commercials and BCA Outsourced Solutions, alongside a wide range of other fleet, lease, rental, finance and dealer sellers.
Stuart Pearson, BCA Chief Operating Officer UK, said: “The rising values for LCVs and high sale conversion levels we are seeing at BCA underline the wider market demand for light commercial vehicles. The signs suggest that these high levels of demand will continue, particularly from the home delivery, final mile and courier sectors serving consumers who are buying online.
“While there is no sign of overall demand softening currently, we have seen some buyers being a little more selective when it comes to condition. BCA’s insight and intelligence capability continues to closely monitor the marketplace to keep abreast of any changes in market sentiment and ensuring vendors are valuing stock realistically.”
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