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LCV market under the usual seasonal pressures in August, says BCA

BCA Commercial Pulse August

BCA reports that the LCV market experienced the usual seasonal pressures in August 2019 as corporate entered fleet & lease LCVs saw values fall back, although values for dealer entered stock continued to rally.  The headline value fell by £199 (2.8%) to £6,957 as a result, as model mix continued to shift during the month.

Year-on-year table: All LCVs

BCA COO UK Remarketing Stuart Pearson commented, “With the summer holiday season in full swing, the LCV market experienced some mixed results during August however towards the end of the month, buyer demand started to rally.”

“There was the usual pre-plate change August scenario, with rising volumes of similar models in uniform specifications and colours, often in poor quality and this impacted demand. As ever our advice is for sellers to price their vehicles accurately and in line with market expectations to widen the base of available buyers and help to churn stock more efficiently.  The use of BCA Valuations to accurately value stock in real time continues to provide additional confidence to our sellers, particularly at a time when market conditions have been uncertain.”

Fleet and lease LCVs averaged £7,644 at BCA in August 2019, a fall of £325 (4.1%), month-on-month.  Year-on-year values were down by £491 (6.0%) as average age continued to rise.  Sales performance against Manufacturer Recommended Price fell by 3.3 percentage points year-on-year.

Year-on-year table: Fleet & lease LCVs

Part-exchange LCV values improved for the second month running, rising by £38 (0.8%) to £4,518 at BCA during August 2019.  Year-on-year values also improved at BCA, rising by £143 (3.2%), with average age and mileage falling compared to a year ago.

Year-on-year table: Part-Ex LCVs

Nearly-new LCV values averaged £14,087 at BCA in August 2019.  As always, these values have to be taken in the context of the volumes reaching the market, the model mix factor and availability of stock.

Year-on-year table: Nearly-new LCVs