Auction values at all-time high

Average auction values for second-hand LCVs reached an all-time high of £7,636 in January, nearly 5% up on December and 4% up on the same month a year ago.

The figures were released by auction market leader BCA, which is reporting excellent engagement by buyers across all LCV sales channels, with online activity rising to new record levels.

Both fleet & lease and dealer part-exchange values rose to new record levels, and nearly-new LCVs saw improved values year-on-year.

“The year got off to a flying start with outstanding engagement across all LCV events with confident bidding from both physical and digital bidders,” BCA’s COO of UK Remarketing Stuart Pearson said.  “New records were set both in-lane and online with consistent demand across all product sectors.”

Fleet and lease LCVs averaged £8,537 at BCA in January 2020, an increase of £199 (2.3%) over December and the highest monthly value ever recorded for corporate LCV stock at BCA.  Year-on-year values were up by £324 (3.9%) with average age and mileage both rising.  Sales performance against Manufacturer Recommended Price fell by just one percentage point year-on-year.

Part-exchange LCV values averaged £4,788 in January, an increase of £222 (4.9%) compared to the previous month and a new record value for dealer-sourced LCVs at BCA.   Year-on-year, values improved by £34, with a similar age and mileage recorded.

Nearly-new LCV values averaged £17,357, down slightly on December’s figure, but up by £149 year-on-year.  As always, these values have to be taken in the context of the volumes reaching the market, the model mix factor and availability of stock.