The used gentle industrial automobile (LCV) market is exhibiting robust indicators of restoration, with values rising sharply in early 2025, in accordance with the most recent 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 mean LCV worth of £7,998, marking a £274 (3.5%) enhance in comparison with January’s determine of £7,724. This represents the best month-to-month common since Could 2024.
The market’s lowest level was recorded in August final yr, when values dipped beneath £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 experiences that purchaser engagement has been on the rise, with robust demand anticipated to proceed as many sellers and operators face ongoing stock shortages.
Offered volumes are additionally growing, with BCA promoting over 10,000 LCVs in February 2025, additional reinforcing the constructive market sentiment.
With demand remaining excessive and stock ranges tight, the outlook for the used LCV market seems strong because it strikes additional into 2025.
Stuart Pearson, BCA COO UK commented: “At present there’s a degree of confidence within the LCV market that has produced some distinctive outcomes, fuelled by a really enticing mixture of inventory and a few very robust purchaser engagement.”
“Elevated quantity can usually dilute pricing, nevertheless in a month the place greater than 10,000 LCVs had been offered at BCA, actual values elevated and information worth efficiency lifted.
“As a consequence of our important funding in LCV services, we’re ready to make sure that our prospects have entry to up-to-date dwell LCV pricing data together with a higher depth of knowledge round automobile situation. Mix this with the science that helps funding within the optimum degree of refurbishment, our intention 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 steadiness 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.”
