Saturday, July 10 2010
According to the most recent BCA Pulse Report, the average monthly values for LCV’s in the month of June stayed on a downward course; this is the second month in a row that the values have fallen. This drop in values follows on the heels of the record levels that were recorded in April.
Van insurance comparison from The Van Insurer
In the month of June, across the board LCV average values were £4,280, which was a drop of £186 or 4.1 per cent when compared to the average monthly values in May. This decline saw a drop in the value of fleet & lease and in part-exchange values as well, however values in nearly-new reported an increase
In breaking down the numbers, average fleet & lease values saw a decline of £164 or 3.2 per cent to £4,909, which was a back-to back decline after a streak of six record months in a row. Part-exchange values saw a decline of £74 or 2.8 per cent to £2,482. While fleet & lease saw declines, nearly-new experienced an upswing as the values of nearly-new rose from £10,950 in the month in June from May’s numbers of £10,311, which was an increase of £639 or 6.1 per cent. Volumes have stayed low as has been the case for many months.
Even though there have been declines in the fleet & lease values and in the part exchange values in the months of May and June, the year-on year values are still above the average values that were recorded in 2009.