Average monthly values for LCVs continued to slip in June, making it two consecutive monthly falls on the back of the record levels reached in April of this year, according to BCA.
It reports that LCV values averaged £4,280 across the board in June, a fall of £186 (4.1%) against May’s values, with both fleet and lease and part-exchange values decreasing, while nearly-new posted an increase.
However, Manheim Remarketing’s latest monthly analysis for vans says that at £4,301, average wholesale used van prices rose in June by £11 (0.3%) compared with the previous month. Average prices have now risen in 10 of the last 11 months.
“Care must be taken when looking at this month’s headline rise,” explained James Davis, general manager, commercial vehicles, Manheim Auctions. “As conversion rates have hardened due to both seasonality and an increase in supply the contribution made by the smaller, and arguably more desirable, volume segments has driven this overall increase in average sale price.”
BCA figures reveal that average fleet/lease values fell by £164 (3.2%) to £4,909 – a back-to-back fall following a run of six consecutive ‘record months’, while part-exchange values fell by £74 (2.8%) to £2,482 in June.
In contrast, nearly new values increased to £10,950 in June from £10,311 in May – a £639 (6.1%) rise over the month. Volumes remained low as they have done for many months.
Meanwhile at Manheim, examples of the increases in average month-on-month values in June included large panel vans greater than 3-tonnes up by £108 to £4,461 (2.5%). Examples in falls in average values included car derived vans, down by £220 to £2,772 (7.3%), small panel vans, down by £27 to £4,596 (0.6%), large panel vans less than 3-tonnes, down by £68 to £4,014 (1.7%) and 4x4s, down by £664 to £6,846 (8.8%).