The used light business vehicle (LCV) market is showing strong signs of recovery, with values rising sharply in early 2025, in accordance with the newest data from BCA.
Following two consecutive months of price increases, average LCV values have climbed by greater than £800 since December. In February, BCA recorded a median LCV price of £7,998, marking a £274 (3.5%) increase in comparison with January’s figure of £7,724. This represents the very best monthly average since May 2024.
The market’s lowest point was recorded in August last 12 months, when values dipped below £7,000 for the primary time since 2019. Since then, prices have rebounded significantly, indicating growing confidence within the sector.
LCV values proceed to exceed guide price expectations, averaging 103.7% in February – up 3.3 percentage points because the start of the 12 months. BCA reports that buyer engagement has been on the rise, with strong demand expected to proceed as many dealers and operators face ongoing inventory shortages.
Sold volumes are also increasing, with BCA selling over 10,000 LCVs in February 2025, further reinforcing the positive market sentiment.
With demand remaining high and inventory levels tight, the outlook for the used LCV market appears robust because it moves further into 2025.
Stuart Pearson, BCA COO UK commented: “Currently there may be a level of confidence within the LCV market that has produced some exceptional results, fuelled by a really attractive mixture of stock and a few very strong buyer engagement.”
“Increased volume can often dilute pricing, nevertheless in a month where greater than 10,000 LCVs were sold at BCA, real values increased and guide price performance lifted.
“Resulting from our significant investment in LCV services, we’re in a position to be sure that our customers have access to up-to-date live LCV pricing information together with a greater depth of data around vehicle condition. Mix this with the science that supports investment within the optimal level of refurbishment, our aim is to generate more first- time sales for our customers and place stock into the market that’s able to be retailed.
“Whilst only just a few weeks into the brand new 12 months, there’s a really healthy balance between supply and demand, which is welcome news for each sellers and buyers alike. March trading has continued with an analogous pattern and whilst we could see some pressure as we move over the Easter period, following the sharp drop in values during 2024, the expectation is for a calmer and more predictable marketplace than experienced last 12 months.”
This Article First Appeared At www.am-online.com
