Average LCV values continue to rise

Average LCV values continue to rise

Average LCV values are continuing to climb to record levels in April, according to the BCA's Commercial Pulse report. It is the third month running that values have been at record levels at BCA, as competitive bidding continues across the range of stock on offer nationwide.

During the month of April, average LCV values rose by £108 to reach £7,572, representing a 1.4% uplift. Year-on-year, values are up by a significant £1,141 (17.7%), one of the biggest percentage uplifts ever recorded by the Pulse report. Both mileage and age continued to fall compared to a year ago.

As in previous months, much of the uplift was driven by the corporate sector, where values rose by £195 to record levels as buyers competed both in-lane and online. The 2018 Easter break had minimal impact on trading levels and post-Easter values rose, where they have typically fallen in previous years.

BCA COO UK Remarketing Stuart Pearson commented, “Demand for good quality LCV stock is currently outstripping supply across the BCA network, particularly for vehicles in ready-to-retail condition, where there is intense competition amongst buyers whether they buy physically in-lane or digitally via BCA Live Online.”

He continued: “Unsurprisingly, the corporate sector continues to enjoy high levels of demand as professional buyers compete strongly for one-owner vans to meet the needs of their retail customers and BCA’s expanded nationwide LCV sales programme is presenting buyers with a greater choice of vehicles.”

Fleet and lease LCV values continued to rise and reached record levels for the second month running. Values improved by £195 (2.3%) to reach £8,486. Retained value against MRP (Manufacturer Recommended Price) also increased, rising by one point to 40.45%.

Compared to April 2017, the year-on-year value differential of £1,395 (19.6%) for fleet & lease vans is one of the largest on record. Average age fell by one month while mileage declined by over 5,000 miles when compared to last year and this will have contributed to the significant price evolution in the past year.

Average part-exchange LCV values fell back by £30 (0.7%) in April 2018 to £4,428, although values in this sector have been relatively stable for much of this year. Values were up by £369 (9.0%) compared to April 2017, with comparative age and mileage rising over the period.

Nearly-new LCV values rose in April to £16,148, the third consecutive monthly rise.

Read More

Making sense of the vast amount of data produced from telematics can often be daunting, resulting in opportunities being missed and actions not being taken. Our expert panelists share their advice on how to make sure valuable fleet information is not getting lost

Telematics generates vast amounts of data which needs to be digested and acted on if any benefits are to be realised. But how well are fleets using data? And do companies have a moral and legal obligation to act on reports of bad driving? We ask our telematics experts

Meet our new leasing experts, who in this first discussion, examine how new challenges such as Brexit, air quality and policy changes are affecting fleet managers

In the first of a new panel discussion, we ask our experts their views on how telematics have shaped and driven change within the fleet management profession, and why reluctance to use fleet technology still exists within some organisations

GreenFleet Expert Panel - Leasing

Can it pay to think differently about the way we travel? Our expert panelists examine how the new concept of ‘mobility’ is impacting the fleet sector

Expert Panel

Following the launch of the Department of Transport’s consultation into making charge points more accessible, GreenFleet’s expert panelists give their views on the key factors that will shape the electric vehicle market’s development in the near future.

GreenFleet Expert Panel - Leasing

How can leasing and contract hire firms help with the wider role of fleet management? And what role does the industry play in driving down emissions? We ask our new expert panel for their views.

Expert Panel - Telematics

Our telematics expert panelists share their thoughts on how technology has helped drive down road emissions, how telematics grows the appeal of electric vehicles, and how autonomous vehicles could benefit fleets in the future.

Expert Panel - Electric Fleets

GreenFleet taps into the minds of its expert panel to assess the place of electric vehicles in company car fleets and what the major barriers to adoption will be moving forward.

GreenFleet Expert Panel - Connectivity

Technology is changing the way we travel. GreenFleet quizzes its telematics expert panel on how connectivity is facilitating new mobility trends, aiding fleet management, and reducing CO2 emissions.

The Hyundai Kona Electric is the first EV to bring a near-300 miles of range to the affordable end of the electric car market. Richard Gooding finds very few flaws

Efficient engines, revised looks and an improved car-like cabin will maintain the popularity of the Ford Transit Custom, reports Richard Gooding

Adding a welcome zero-emission powertrain to Renault’s largest LCV gives the company the biggest range of all-electric commercials on the market, says Richard Gooding

January. The month of broken new years resolutions and the pitfalls of a post-Xmas diet!

About GreenFleet

Media Information
Cookie Compliance
Terms and Conditions

Members of the Professional Publishers Association

Our Affiliates