The scorching weather and the summer holiday period brought a little pressure to the July marketplace with values slipping from £7,463 in June to £7,221, however the longer-term trend continues to show value growth across the LCV sector, with year-on-year values ahead by £668 (10.1%) and July’s figure being the fifth highest on record.
BCA COO UK Remarketing Stuart Pearson commented, “It was not surprising that we saw average values stall in July as the holiday season got into full swing and we experienced the start of the hottest summer since the 70s. Whilst a changing model mix impacted headline values, auction attendance remained very positive across BCA’s nationwide remarketing network and bidding continued to be very competitive, resulting in improved conversion rates for corporate sellers in particular.”
Fleet and lease LCV values fell by just £49 (0.6%) to £8,131 in July, still the fifth highest value on record and ahead of the same period last year by £995 (13.8%). Retained value against MRP (Manufacturer Recommended Price) fell by three quarters of a point to 39.56%.
