BCA LCV values rose in August

By automotive-mag.com 2 Min Read

LCV values at BCA averaged £7,892 in August, significantly ahead of the same month last year by £955, a substantial 13.8% rise.

Performance against guide price expectations rose again by two percentage points to 107.6% in August, the highest figure recorded so far this year.  BCA sold over 8,500 LCVs during in what is considered one of the quieter months of the year.

Stuart Pearson, BCA COO UK, said: “August results were supported by some incredible buyer engagement, with confident bidding and rising values across the board.

“Stock churn improved, keeping sale entries very clean and with new sales still under pressure, professional buyers remain laser‑focused on acquisition to fill forecourt gaps.”

Over 2,500 different buyers purchased stock during the month.  Across the year to date, used LCV values at BCA have averaged £7,974, equivalent to 103.8% of price guide expectations and with over 7,800 different buyers purchasing.

Pearson added: “Condition is still king and whilst retail customers demand quality, many buyers are further stretching their parameters to include higher‑mileage or older vehicles if they’re clean enough for the forecourt.

“With our online commercial sales running seven days a week and offering the largest volume and widest choice anywhere, we’re meeting more buyer needs — and driving stronger results for our sellers.

“With demand holding firm and competition intensifying, August’s performance suggests that the used LCV market could strengthen further as we head into autumn.”

 

 

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