Used LCV market sees sturdy development as values rise into 2025
The used mild industrial automobile (LCV) market is displaying sturdy indicators of restoration, with values rising sharply in early 2025, in accordance with the newest knowledge from BCA.
Following two consecutive months of worth will increase, common LCV values have climbed by greater than £800 since December. In February, BCA recorded a median LCV worth of £7,998, marking a £274 (3.5%) enhance in comparison with January’s determine of £7,724. This represents the very best month-to-month common since Could 2024.
The market’s lowest level was recorded in August final yr, when values dipped under £7,000 for the primary time since 2019. Since then, costs have rebounded considerably, indicating rising confidence within the sector.
LCV values proceed to exceed information worth expectations, averaging 103.7% in February – up 3.3 share factors for the reason that begin of the yr. BCA studies that purchaser engagement has been on the rise, with sturdy demand anticipated to proceed as many sellers and operators face ongoing stock shortages.
Offered volumes are additionally rising, with BCA promoting over 10,000 LCVs in February 2025, additional reinforcing the optimistic market sentiment.
With demand remaining excessive and stock ranges tight, the outlook for the used LCV market seems sturdy because it strikes additional into 2025.
Stuart Pearson, BCA COO UK commented: “Presently there’s a stage of confidence within the LCV market that has produced some distinctive outcomes, fuelled by a really enticing mixture of inventory and a few very sturdy purchaser engagement.”
“Elevated quantity can usually dilute pricing, nonetheless in a month the place greater than 10,000 LCVs had been bought at BCA, actual values elevated and information worth efficiency lifted.
“Because of our important funding in LCV services and products, we’re in a position to make sure that our prospects have entry to up-to-date stay LCV pricing info together with a larger depth of data round automobile situation. Mix this with the science that helps funding within the optimum stage of refurbishment, our purpose is to generate extra first- time gross sales for our prospects and place inventory into the market that is able to be retailed.
“While just a few weeks into the brand new yr, there’s a really wholesome stability between provide and demand, which is welcome information for each sellers and patrons alike. March buying and selling has continued with an identical sample and while we might see some strain as we transfer over the Easter interval, following the sharp drop in values throughout 2024, the expectation is for a calmer and extra predictable market than skilled final yr.”
