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Average used van prices remain high

Light commercial vehicle values remained high August, averaging £9,874 over the month according to British Car Auctions (BCA).

Bidding on LCVs at BCA has consistently outperformed guide price expectations over recent months and August was no exception with incredibly strong conversions fuelling average values to over 103 per cent of guide prices across the board.

Stuart Pearson of BCA said: “Traditionally, August has been one of the quieter months for LCV sales, with school holidays and the late summer Bank Holiday understandably impacting trade activity.

“However, the normal seasonal patterns have all but disappeared in 2021 and competition remains incredibly strong for any vehicle that is ready to go to work.

“These market changes underline just how significantly the remarketing sector is evolving to meet the changing needs of our customers.”

Every day, BCA offers an entry of panel vans, car derived vans, dropsides, tippers, minibuses, crewcabs, Lutons and pickups from vendors including UKCGR Commercials and BCA Outsourced Solutions, alongside a wide range of other fleet, lease, rental, finance and dealer sellers.

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