January Used LCV Market News

Welcome to the latest Used LCV update from BCA where we reflect on January 2024 conditions and performance.

Keep up to date with the latest news developments at bca.co.uk/news. ?

Improving market and stock mix drive lift in LCV values

LCV values bounced back at BCA into January 2024, reaching their highest point since September of last year and reversing a run of three consecutive monthly falls.? Values improved by ￡727 over the month to reach ￡8,764, equivalent to a 9.0% rise.? Whilst buyer participation at BCA steadily lifted during January, a much-improved mix of vehicles entering the market helped to support the value lift reported.?

Stuart Pearson, BCA COO UK commented “There has been a steady lift in confidence in the used LCV sector since the turn of the year, although it still feels like there is room for this to improve further.

“Condition remains a key factor to ensure that product is attractive to the widest addressable market, and we’re continuing to work closely with a number of customers to ensure that optimal values are achieved through a data driven approach to refurbishment. With our online sales programme offering thousands of light commercial vehicles each week, our buyer customers can be confident that they will be presented with the stock they need, when they need it.”?

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