BCA figures show steady market in car and van re-sales

The British Car Auction's (BCA's) latest reports show steady markets in both the light commercial vehicle (LCV) and used car sectors, with only a slight decrease in the value of both vehicle types.

Despite sold volumes actually increasing by nine per cent, average values for LCVs fell slightly from £4,218 in May to £4,140 in June, with all three sectors - fleet and lease, dealer-part exchange and nearly-new - seeing values drop.

Similarly in the used car arena, there was a 2.2 per cent decrease in the average re-sale value to £5,662 from May's £5,790. However, demand remained solid with actual volumes of re-sales increasing by almost two per cent.

The fall in both markets was attributed to expected seasonal pressures. Commenting on used car sales, BCA's UK operations director Simon Henstock said "the summer months typically see wholesale and retail activity slow down and there is usually a price adjustment to reflect that".

Meanwhile, BCA's general manager for commercial vehicles, Duncan Ward, declared that June's figures actually presented a more "robust" picture than in the previous two years, particularly for LCVs.

The BCA is Europe's largest vehicle auction company, serving both trade and private individuals.

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