September was the strongest month on record since lockdown for LCV sales as average values climbed yet again and sold volumes rose significantly to reach record levels.
Demand remains exceptionally strong, with average values continuing to significantly outstrip guide prices and sale conversion in excess of 90% in most sales.
Average LCV values at BCA rose from £7,709 in August to £7,994 in September, a 3.7% rise and the second highest value recorded since lockdown. Sold LCV values averaged nearly 113% of guide value expectations with sold volumes increasing by a significant 38.1% during the month.
Stuart Pearson, BCA COO UK Remarketing commented:
“September was another very strong month for light commercial vehicle sales, with sold volumes rising by over 38% month-on-month. Professional buyer interest remains exceptionally high, with online engagement continuing to rise and the number of unique buyers competing for stock at BCA rising steadily every month.”
Pearson continued “The average BCA selling price for LCVs improved by £285 during the month and performance against guide values at BCA continues to be positive.”
BCA stages online LCV sales daily with an entry of panel vans, car derived vans, dropsides, tippers, minibuses, crewcabs, Lutons and pickups on offer from vendors including UKCGR Commercials, BCA Outsourced Solutions, Inchcape, ALD Automotive and Black Horse alongside a wide range of other fleet, lease, rental, finance and dealer sellers. Additional stock is offered through Bid Now/Buy Now sales.
Up to 700 light commercial vehicles are offered daily and BCA has launched a new programme of Saturday sales and Monday and Thursday evening sales offering a wide choice of LCVs.