British Car Auction’s reported that the average van values fell slightly in December, largely due reduced demand to Xmas and a shorter trading period.
BCA’s latest Pulse data shows average LCV values fell slightly in December, largely due to the combination of reduced demand in the run-up to the Christmas period and the shorter trading period. All three sectors experienced price pressure, although the drop in the part-exchange sector was negligible.
The December figure of £4,275 was down by just £28 on the November figure. However, sold volumes fell sharply compared to the previous month and performance against Guide Prices fell back by one and a half points to 98.5 per cent.
Year-on-year, December 2011 was a substantial £208 ahead of the same month in 2010, equivalent to a 5.1 per cent improvement. However this must be seen in the context of the heavy snowfall that severely restricted trading a year ago.