LCV values improved and sold volumes continued to rise at BCA during October, as the auctions company increased its sales programme to offer a greater choice of stock to customers.
The firm said that while LCV pricing has been volatile for much of 2024, values improved during both September and October as buyer numbers at BCA continued to rise.
Average monthly LCV values rose to £7,501 in October, up by £51 (0.7%) from the £7,450 recorded in September.
BCA sold values continued to outperform guide price expectations, averaging 102.9% in October – a rise of 2.2 percentage points month-on-month.
Also, sold volumes rose significantly during the month as the market made preparations for the increased demand for delivery vehicles in the run-up to the Christmas period.
Volume also lifted considerably versus the same period last year with sold LCVs running 28% ahead of October 2023.
According to BCA, the used LCV market saw prices realign sharply between April and August 2024, but the market recorded two consecutive months of modest value growth and the firm is continuing to see significantly increased volumes of light commercials sold.
Stuart Pearson, BCA UK Chief Operating Officer, said a little consistency in pricing goes a long way to building strength across the wider marketplace.
He added: “It means sellers can value vehicles realistically in line with market expectations, while buyers can purchase stock in the confidence that values are likely to remain steady in the weeks ahead.
“We are seeing this confidence reflected in rising buyer numbers at BCA and record sales volumes for light commercial vehicles.
