AVERAGE LCV values at BCA in April 2021 remained above £9,000 for the fourth consecutive month, with sold volumes well ahead, year-on-year.
Record numbers of buyers continue to join BCA’s daily online LCV program, creating the most efficient and competitive wholesale platform for used LCVs in the UK.
Values continue to outstrip guide prices, continuing the well-established trend seen over the past year and sale conversion rates remain incredibly strong, with significant levels of demand for any vehicle that can be “put to work” immediately.
Stuart Pearson Chief Operating Officer, BCA UK said “LCV sales contain the richest mix of vans, along with the greatest volume to be found anywhere in the UK wholesale market today. Over recent months, a number of significant contract wins have enhanced our LCV offering and we remain committed to developing flexible remarketing partnerships as we look to further expand our programme.”
He added ”The volume and variety of ex-lease, rental and dealer, along with the incredible mix of light commercials from UKCGR, ensured that hundreds of bidders are joining our daily LCV online events and during the month, we saw more than 2,000 different buyers join our LCV program for the first time. With all parts of the UK economy opening up, any van that can be “put to work” quickly is being snapped up. “
Longer term quarterly trends highlight how strong the current price performance of LCVs is at BCA, with both average age and mileage of sold stock rising, by 19.4% and 15.8% respectively.
