LCV values hit highest point since July at BCA

Values rose by £486 (+5.1%) compared to December and performance against price guides improved to 102.7%, a rise of 3.9 percentage points, month on month.

Sold volumes rose rapidly and were well ahead, month on month.

Average values rose quickly in the New Year, peaking at over £10,600 later in January.

Stuart Pearson, BCA COO UK said: “Demand for light commercial stock was frequently intense during January as the LCV sector got back to work after the December break. Despite the ongoing economic issues facing every area of commerce – and small businesses in particular – there was healthy appetite across most of the LCV sectors, with the main point of volatility being in the small volume of electric vans defleeted.

“We’ve seen further acceleration of demand into February with the strength of the used LCV market surprising many. With a significant March defleet extremely unlikely, competition for available stock means that used LCV values should remain resilient for some time to come.”

Article courtesy of: www.motortrader.com published 24th February 2023