BCA Pulse Report - Van Prices Slip in May
BCA Pulse Report - Van Prices Slip in May
The most recent BCA Pulse Report has revealed that the average monthly values for LCV’s fell back in the month of May, however, the average values for LCV’s are still way up year on year. In the used LCV market, LCV’s had an average value of £4,466 during May, following hitting a record average of £4,693 in the month of April. The decrease of £227 amounted to a 4.8% decline, all three of the main sectors reported a decrease in values in comparison to April.
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The average fleet/lease values decreased by £103 ( a 2% decline), bring the average fleet/lease value down to £5,073. This decline ended a six-month run of record months. Following the same pattern, nearly new values saw a decrease of £533 to bring nearly new values down to £10,311, which is a 4.9% decline in comparison to April’s number of £10,844. Additionally, volumes stayed low, as has been the case for many months. Parts-Exchange values also seen a decrease as they declined by £159 ( a 5.8% decline), bringing Part-Exchange values down to £2,556 during the month of May.
Even though May’s average values were down when compared to April’s, the average values in the market still are well above the 2009 numbers; in the current market, the average monthly values have stayed close to the £4,500 throughout the year. In analysis of the market, in December of 2009 the price barrier of £4,500 was crossed, ever since then the market has not glanced back over its shoulder; year on year comparisons reveal the values of May of 2010 at £871, a 24% increase over the same month last year.
Article By alex
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