BCA, a provider of auction and vehicle remarketing, reported a strong month in December 2019 for average light commercial vehicles (LCV).
Fleet and lease LCV’s averaged £8,338 at BCA in December 2019, the second-highest monthly value recorded in 2019 despite the average age and mileage rising.
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Year-on-year (YoY) values were up by £62 (0.8%) again with average age and mileage both rising. Sales performance against the manufacturer recommended price fell by 2.1 percentage points YoY.
BCA reported buyers were active in the run-up to Christmas, with the shortened trading window creating a focus in demand.
Average LCV values slipped by £80 from November with the average value of £7,293 impacted by a change in model mix driven by an increased percentage of dealer part-exchange (P/X) vehicles sold.
Fleet and Lease values were the second-highest recorded this year and nearly new values climbed to their highest point in 2019.
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By GlobalDataValues were down by £22 YoY despite mileage and age rising over the period – by two months and 3,000 miles.
Stuart Pearson, chief operating officer at UK Remarketing, said: “December is a shorter trading period and creates focused buyer demand with a particular interest in vehicles with a retail type specification, an unusual configuration or special equipment and, as always, any vehicle suitable for the delivery or courier markets was sought after.”
“Also over the festive period, BCA saw strong engagement with customers on its ‘bid now’ and ‘buy now’ channels along with a very well attended special LCV event held on New Year’s Eve at BCA Measham, Leicestershire. The market has returned strongly in January, with record sales across the network since the turn of the year and significant levels of activity from online bidders,” he added.
Nearly new LCV values rose to their highest point in 2019, averaging £17,417 at BCA in December – a month-on-month improvement of £1,150 and £493 YoY.
