01 Sep 2009
Average LCV values remain stable for fifth month running
According to the latest data from BCA, average values in the used van market appear to have reached a plateau at around £3,500.
While July recorded a rise of nearly £100 (2.8%) over June to reach £3,566, values have been reasonably static for the past five months.
Duncan Ward BCA's General Manager - Commercial Vehicles commented "Following the turmoil of last year, it seems a sense of balance has returned to the used LCV marketplace. While values have moved little over the past five months, this is by no means a suggestion that prices have stalled indefinitely. In fact, the current price levels could be said to be outperforming the traditionally slow 'summer holiday season' market. With the new September plate imminent, it will be very interesting to see if there is another spike in values similar to that experienced in March when used values rose sharply."
Ward added "Values are well ahead of the low point of £2,772 recorded in last December, but remain a way off last year's market peak of £3,868 achieved in January 2008. Year-on-year values are now ahead by around £250, remembering that prices were beginning to collapse this time last year."
According to BCA's figures, performance against CAP is creeping back towards the 100% highpoint recorded in March, and currently stands at 98.42%.