The used light commercial vehicle (LCV) market is showing strong signs of recovery, with values rising sharply in early 2025, according to the latest data from BCA.
Following two consecutive months of price increases, average LCV values have climbed by more than £800 since December. In February, BCA recorded an average LCV price of £7,998, marking a £274 (3.5%) increase compared to January’s figure of £7,724. This represents the highest monthly average since May 2024.
The market’s lowest point was recorded in August last year, when values dipped below £7,000 for the first time since 2019. Since then, prices have rebounded significantly, indicating growing confidence in the sector.
LCV values continue to exceed guide price expectations, averaging 103.7% in February - up 3.3 percentage points since the start of the year. BCA reports that buyer engagement has been on the rise, with strong demand expected to continue 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 as it moves further into 2025.
Stuart Pearson, BCA COO UK commented: “Currently there is a level of confidence in the LCV market that has produced some exceptional results, fuelled by a very attractive mix of stock and some very strong buyer engagement.”
“Increased volume can often dilute pricing, however in a month where more than 10,000 LCVs were sold at BCA, real values increased and guide price performance lifted.
“Due to our significant investment in LCV products and services, we’re able to ensure that our customers have access to up-to-date live LCV pricing information along with a greater depth of information around vehicle condition. Combine this with the science that supports investment in the optimal level of refurbishment, our aim is to generate more first- time sales for our customers and place stock into the market that is ready to be retailed.
“Whilst only a few weeks into the new year, there’s a very healthy balance between supply and demand, which is welcome news for both sellers and buyers alike. March trading has continued with a similar 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 year.”
