BCA has seen a slight reduction in its June average LCV values, with values slipping by just £39 (0.5%) to £7,463, compared to May. Despite this, the June figure is still the fourth highest on record at BCA and year on year values remain ahead by over £1,000 (15.5%). Moreover, both mileage and age reduced compared to the previous year.

“BCA continued to see very healthy levels of demand from professional LCV buyers in June, despite the excellent weather, the start of the FIFA World Cup and the fast approaching summer holiday period, distractions that have typically heralded a significant softening of demand in previous years,” said BCA COO UK Remarketing, Stuart Pearson.

Even though fleet/lease and nearly new values reduced month-on-month, dealer part-exchange values improved by 3.5% (£154) and reached the second highest point on record. Fleet and lease LCV values fell by £198 (2.3%) to £8,180 in June, but it was still the fourth highest value on record and significantly ahead of the same period last year.

“Auction attendance has been excellent across BCA’s nationwide remarketing network throughout June and bidding – both in-lane and online – has been very competitive across the board,” added Pearson.

Compared to June 2017, the year-on-year differential for fleet & lease vans is a substantial £1,006 (14.0%), with average age and mileage falling. Both these latter factors will have contributed to the significant price evolution in the past year.

Following four consecutive monthly rises, nearly-new LCV values fell back £16,414 ub June, down £634 (3.7%) compared to May. Year on year, average nearly-new are nearly £3,000 ahead although this has to be taken in the context of the very low volumes reaching the market, the model mix factor and availability of stock.