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Demand for ex-fleet and lease vans remains strong at BCA as buyers compete

Demand for ex-fleet and lease vans remains strong at BCA as buyers compete

Fleet and lease light commercial vehicle values remained strong at £8,324 in October at BCA, the fourth highest value on record in the sector despite age (40.06 months) and mileage (60,910 miles) rising over the month.

Values were ahead of the same period last year (£7,784) by £540 (6.9%) with retained value against MRP (manufacturers’ recommended price) falling by just half a percentage point to 40.47%.

Also taking into account nearly-new and part-exchange van values, average values remained strong across the board at the vehicle remarketing giant as professional buyers competed both in-lane and online during October.

The average headline value of £7,324 was well ahead year-on-year (£6,764), underlining the long-term trend for significant and sustained value growth across the LCV sector, said BCA.  Values were up by £560, equivalent to an 8.4% increase over the same period in 2017, despite mileage rising (69,651 miles), while average age was fractionally reduced (52 months).

BCA COO UK Remarketing Stuart Pearson said: “As we have reported consistently throughout this year, the LCV market at BCA has seen continued growth, with values currently over 8% ahead of where they were last year.

“Online sales volumes continue to grow, with many vendor sections now selling 50% of stock to BCA Live Online bidders. Demand remains strong across the range of product on offer at BCA, with both corporate and dealer vendors enjoying excellent conversion rates. Vendors should be aware that buyers are getting more selective on base specification and duplicated stock and condition remains critical across the board.”

He added: “The approaching Christmas period is driving interest in larger delivery vehicles supporting the online shopping sector, and there is continuing demand for LCVs to service the construction and civil engineering industries and the small business and entrepreneurial start-up sector.”