In August, BCA recorded a fall in in the average value of light commercial vehicles. This activity is the first monthly fall in the headline figure since April. During August, BCA saw the headline value of their light commercial vehicles drop by 2%, the equivalent of £133. The company also noted the average values for fleet & lease and nearly new vehicles declining. However, in August there was also some positive news as dealer P/X values climbed significantly, reaching a new record level. The volume of light commercial vehicles being sold has also continued to increase across the board.

Despite the dip some sector values noticed across August’s figures, the year-on-year values are still ahead, with a 5.4% increase over the course of the year so far in comparison to the year before. This means that the value has dipped by £331 in comparison to figures from previous years. The figures for August released by BCA also saw the average age and mileage continue to decline. This demonstrates the growing share of company stock being sold and the higher volumes of younger rental stock seen in recent months.

Even though the headline figure declined in August, BCA have still noted that they demand is still strong and sold volumes have improved month on month. Condition still appears to be the main factor for professional buyers, with relevant documentation. With the fleet and lease LCV sector experiencing a slight drop of 1.7%, the market has essentially remained quite static. Looking at a longer term view of the figures that have been collected by BCA, the average values for corporate LCVs have remained at a relatively stable level since October 2016, going beyond £7,000 for the first time in BCA record. The average age and mileage have also declined in the same period.