Vales of ex-company vans continue to set new records at BCA
Values of ex-fleet and lease van continued to rise and
reached record levels for the second month running at remarketing giant BCA.
Sector values improved by £195 (2.3%) to reach £8,486 in
April. Retained value against MRP (manufacturers’ recommended price) also
increased, rising by one point to 40.45%.
Compared to April 2017, the year-on-year value
differential of £1,395 (19.6%) for fleet and lease vans was one of the largest
on record. Average age fell by one month (38.54 months) while mileage declined
by more than 5,000 miles (55,772 miles) when compared to last year and that will
have contributed to the significant price evolution in the past year.
Across the board in all three sectors monitored, ex-fleet
and lease, nearly-new and part-exchange, exceptional buyer demand continued at
BCA with average van values continuing to climb to record levels. April was the
third month running that values were at record levels as competitive bidding continued
across the range of stock on offer nationwide.
During the month of April, average LCV values rose by
£108 to reach £7,572, representing a 1.4% uplift. Year-on-year, values were up
by a significant £1,141 (17.7%), one of the biggest percentage uplifts ever
recorded by the monthly report.
With the value uplift being largely driven by the corporate
sector, BCA COO UK remarketing Stuart Pearson said: “Demand for good quality
LCV stock is currently outstripping supply across the BCA network, particularly
for vehicles in ready-to-retail condition, where there is intense competition
amongst buyers whether they buy physically in-lane or digitally via BCA Live
continued: “Unsurprisingly, the corporate sector continues to enjoy high levels
of demand as professional buyers compete strongly for one-owner vans to meet
the needs of their retail customers and BCA’s expanded nationwide LCV sales
programme is presenting buyers with a greater choice of vehicles.”