Average values of ex-fleet and leave vans soften in a two-tier market
Average values of ex-fleet and lease light commercial
vehicles (LCV) fell by £86 (1.1%) to £7,093 in March, according to latest
monthly data from auction giant BCA.
However, despite that fall, average values for fleet and
lease LCV stock have been consistent since rising above the £7,000 mark in
October 2016 and the last six months have seen the highest average values on
Retained value against MRP (manufacturers’ recommended
price) improved very marginally from 36.02% to 36.09% in March. Year-on-year,
values were up by £67 (5.4%), with average age and mileage declining to 39.38
months and 60,554 miles when compared to the same period in 2016.
BCA’s LCV operations director Duncan Ward said: “Average
selling price data might suggest a buoyant market, but the reality is the
market has weakened and conversion rates have been under pressure. BCA’s
profile of stock is becoming younger and lower mileage and this is a
significant driver of the increasing values we report.”
Mr Ward added: “As often is the case when demand softens,
a two-tier market begins to develop. Well specified commercials in retail-ready
condition are making exceptional values, while vehicles with an unusual
configuration or special equipment will always attract attention from buyers. In
contrast, any LCV available in high volumes, perhaps with damage and a basic
specification will have an uphill battle to attract interest.
“The ‘lifestyle’ double cab pick-up market remains
fickle, which is maybe a reflection of a mild winter together with increased
volumes and choice for selective buyers.
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