The average value of used LCVs sold at auction reached the highest level seen since March 2024 in September, according to auctions specialist BCA.
LCV values rose for the second month running, BCA said, reaching an average of £8,460 in September – up 7.2% month-on-month and 13.6% year-on-year.
As a result, the average used LCV value was equivalent to approximately 4% higher than price guide expectations and supported by more than 8,200 different buyers purchasing so far this year.
Stuart Pearson, BCA COO UK said: “Professional buyers tell us that sourcing the right stock is increasingly competitive, and with forecourt inventory of used LCVs still well below expectations, this pressure is unlikely to ease anytime soon.”
BCA recorded 2,600 unique buyers for LCVs in September as competitive bidding saw performance against guide price expectations rise by three percentage points to the highest figure recorded so far this year.
With more than 9,000 LCVs sold at BCA during September, it proved to be the highest monthly volume since the early spring.
Buyer numbers increased throughout the month, with new customers continuing to be drawn to BCA’s seven-day-a-week online sales programme and a wide selection of stock.
Pearson added: “As demand rises, used stock volumes have come under pressure across all LCV sectors and values for good condition, sensible mileage vehicles have risen significantly, while in recent weeks, we have also seen renewed interest in higher mileage, older examples, providing their condition is acceptable.”
