February Used LCV Market News
Welcome to the latest Used LCV update from BCA where we reflect on February 2024 conditions and performance.
Keep up to date with the latest news developments at bca.co.uk/news
LCV values remain stable in February
LCV values remained stable at BCA into February as buyer engagement and stock mix improved, seeing values average ￡8,740 across the month, down just ￡24 (0.3%) on January and up by 8.7% compared to December’s low point. ?Performance against guide values lifted by one percentage point to 99.3% over the month and sold volumes increased significantly as momentum continued from January.?
Stuart Pearson, BCA COO UK commented “The confidence we saw emerging at the start of 2024 has continued into February with excellent buyer engagement, firm prices and an improved churn of stock.? Our daily online light commercial vehicle sales allow us to track sentiment very closely and ensure our sellers and buyers are aligned on market valuations.”
“Whilst only a few months into the new year, the feeling of seasonal trends previously talked about is getting further established and there’s a good balance between supply and demand, which is welcome news for both sellers and buyers alike.”
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