Search
Search

Figures Shows Average Value of Light Commercial Vehicle

Figures Shows Average Value of Light Commercial Vehicle

BCA, the car auction company has announced figures which shows the average value of light commercial vehicle values have remained stable throughout June. The figures released by British Car Auctions has shown that the headline value has risen by a bit more than £7 through the course of the month. As a slight negative to this news is that the fleet & lease and dealer P/X values experienced a drop over the course of the time period.

The most recent figures shows that the year on year values have managed to stay well above where they were predicted, up by £551 which is about equal to a 9.3% increase. In terms of the type of vehicle that have been sold through the auction company, the average mileage and age of the vehicles have continued to go down which shows that more and more spare stock is being sold at auction as well as the increased younger rental stock available over the course of the past few months.

The LCV Operations Director of BCA has said that the history of the commercial vehicle market shows that over the course of the summer months there is usually and increased pressure on the average values, with more people buying cars before the registration plate change in September. The director commented that at the moment selling price appears to be doing well, attributed in part to the younger age and lower mileage vehicles passing through the auction systems.

The fleet and lease LCV sector has seen their values staying static after experiencing a negligible £5 average decline in comparison to May. The vehicles have been seen to keep their MRP, improving slightly to 36.64%. The Year on Year values have also remained up in comparison to 2016, with an increase of £420, or 6.2%, while the age and mileage declines.

Featured T&L Haulage & Fleet
T&L 264
T&L 263
T&L 262