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BCA Marketplace PLC

Used van values surge 15% amid ‘strong’ competition

The average value of light commercial vehicles climbed to the second highest point on record in September up 15.1% year on year.

Values improved sharply over the month, rising 5.4% to £7,180, the highest value since April 2018 and the second highest on record, according to figures from BCA.

Online sales of LCVs continue to rise, with BCA reporting over 44% of all sales to online bidders during September.

 

BCA Marketplace PLC (LON:BCA), together with its subsidiaries, owns and operates a used vehicle exchange in Europe. It operates through Vehicle Remarketing, Vehicle Buying, and Automotive Services segments. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.