BCA Celebrates All-time High For LCV Values
- March 10, 2020
- Posted by: Kirsty Sidley
- Category: Automotive Industry
BCA has revealed that light commercial vehicles (LCVs) hit an all-time high this previous January. Prices hit £7,636 which was a £343 (4.7%) increase from their December 2019 figures.
Fleet and leased LCVs averaged out at £852, increased by £199 (2.3%) compared to December, and is also the highest ever monthly value recorder for corporate LCV stock at BCA. Year-on-year, LCV prices are up £307 (4.2%).
Part exchanged LCVs which were valued on average at £4,788, £222 (4.9%) up from December, and again breaking BCA’s record for dealer-sourced LCVs. Year-on-year, this has increased by £34.
Only one category experienced a decline in January, which was the nearly-new LCV stock. Here, values averaged £17,356 on December’s figure of £17,417 (down by £61). Year-on-year, however, nearly-new LCVs are up by £149.
The year got off to a flying start
Stuart Pearson, chief operating officer of BCA UK Remarking said:
“The year got off to a flying start with outstanding engagement across all LCV events with confident bidding from both physical and digital bidders.
“New records were set both in-lane and online with consistent demand across all product sectors, driving the strong values in this month’s BCA Pulse report.
“Online trading plays a significant role for professional LCV buyers and the BCA Buyer app is proving a highly successful addition to BCA’s suite of remarketing tools, creating a digital journey to support buyers whether attending physically or joining remotely.”
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