Used LCV values accelerated at BCA in May 2021, rising by £346 (3.8%) compared to April to reach £9,375. It is the third highest average monthly value on record for light commercials sold online at BCA, as high levels of demand continued and over 2,000 professional buyers purchased stock during the month.
Values continue to outstrip market expectations by a significant margin, with BCA averaging over 107% of guide prices across the month. Sale conversion rates remain incredibly strong, with significant levels of demand for younger, retail quality vehicles.
Stuart Pearson COO BCA UK commented “During 2021 we have seen used LCV values accelerate significantly, as the rise in online shopping continues to drive demand from the home delivery, courier and final mile sectors. BCA delivers the widest choice of LCV stock from the best vendors in the industry to meet the needs of our professional buyers and this is reflected in the exceptional price performance we have reported in recent months.”
Pearson added “Our sales continue to be exclusively online and we’re able to reflect changes in demand very quickly, providing incredible insight into how the market is operating. Using this insight, we’re able to profile every vehicle and build the most effective sale offering, providing sellers and buyers with the optimum way to sell or buy vehicles.”
Pearson concluded “Looking ahead, with ongoing supply pressures in the new van market, we expect that demand in the wholesale arena will typically continue to outstrip supply and values will remain extremely robust. Whether this continues to reach the dizzy heights that we’ve seen over the last 18 months is hard to predict, but after everything that we’ve seen happen in the market, nothing should come as a surprise.”
*Article Source www.harrisonsadler.com