BCA Releases July Figures

BCA Releases July Figures

BCA have reported that the average value of light commercial vehicles passing through their auctions has risen over the course of July. The business has noted that the supply of the vehicles and the demand for them have been well balanced, with the Headline value increasing by £94, 1.4%. This higher value represents the third consecutive monthly rise, with fleet & lease and nearly new values also seeing an increase. However, that has been a drop in the dealer P/X values.

BCA, the vehicle auctioning company has seen more volume record broken, and the bar raised even higher with the release of July’s figures. As a part of the increase seen by the company, the year-on-year values have risen by £622 with is around 10.4% over the period. With values increasing, the average age and mileage of the vehicles for sale have continued to decline, which illustrates more corporate stock is being sold off as well as increased levels of younger rental stock over the course of the past few months.

The market has seen improvements in July, with records of a consistent demand throughout the BCA network. The auction company has recorded a number of particularly strong performances at a selection of LCV centres. Manchester in particular had a great performance in July.

The strong results that have been published by BCA in recent months reflects the strength of the market for used commercial vehicles overall. BCA saw values staying steady, and levels of corporate stock that BCA handles has increased. It is thought that a combination of these two things have helped to increase the average sale price in July’s figures.

With the previous months of record breaking figures being published, July being no exception, and a stability in prices recorded since October last year, hopefully the market will continue to perform and flourish going forward.

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