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Vales of ex-company vans continue to set new records at BCA

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 Online.”

He 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.”