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Used LCV values fall in July

BCA van auction

Average values for LCVs fell slightly to £5,544 in July from £5,587 in June, a fall of £43 (0.7%) over the month.

In contrast, year-on-year values were ahead by £46 (0.8%) with age static and mileage declining in 2015, according to BCA. 

Performance against CAP was down by over two points compared to last year at 99.49%.  

BCA LCV historic used values August 2015

 

Year-on-year: all vans

All vans Avg age (mnths) Avg mileage Avg value Sale v CAP
July 2014 56.38 79,537 £5,498 101.65%
July 2015 56.3 76,182 £5,544 99.49%

 

BCA’s head of commercial vehicles Duncan Ward said: “As we said last month, we expected to see some pressure on average values between now and the new registration plate in September. 

“Not only have volumes risen in the wholesale markets with some questions over poor condition stock, the new van market is very buoyant and there are some very tempting deals about. 

“Buyers have more choice now than they have experienced at any time this year and are understandably focussing on the best presented vehicles.”

Values for fleet and lease LCVs averaged £6,280 in July – a fall of £167 (2.6%) compared to June.   

CAP performance fell by over two points to 99.03% from 101.26% in June and retained value against MRP (manufacturer recommended price) declined by a point to 34.2%.  

Year-on-year, values were down by £184 (2.8%), with performance against MRP down by one and a half points.

Average part-exchange LCV values declined for the second month running in July, although the fall was minimal at just £20 (0.5%) over the month to £3,723.  

CAP average comparisons fell by 1.5 points to 101.3% but continue to outperform the fleet & lease sector.   

Year-on-year values were ahead by £86 (2.3%), while CAP performance declined by two points over the year.

BCA LCV historic part ex values Aug 2015

 

Year-on-year: part-ex vans
Part-ex Avg age (mnths) Avg mileage Avg value Sale v CAP
July 2014 81.04 93,230 £3,637 103.41%
July 2015 82.16 90,133 £3,723 101.33%

 

Nearly-new LCV values averaged £13,791 in July – a fall of £500 (3.5%) compared to June despite CAP comparisons improving by over 2.5 points. 

As always, this has to be taken in the context of the very low volumes reaching the market and the model mix factor, as well as the increasing availability of ‘new shape’ models reaching the used market.  

Nearly new: 2013 - 2015
Nearly new Avg age (mnths) Avg mileage Avg value Sale v CAP
July 2015 8.45 12,279 £13,791 97.52%

 

BCA LCV historic nearly new values Aug 2015



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