Maximum number of cars added to compare list.

What's your postcode?

We need your postcode in order to provide accurate search results.

Enquire

Enter your first name
Enter your last name
Enter your phone number

Got a part exchange?

Tell us your reg plate and receive a part exchange valuation on your car?

What's this?

Compare cars side by side to save time clicking backwards and forwards between them.

NAMA Commercial Vehicle report – April 2014Back

CVehiclesThe National Association of Motor Auctions (NAMA) published its Light Commercial Vehicle (LCV) market report for April today.

The report shows that during April the average values of used LCV’s at auction across the board decreased by -2.3% from £4,794 to £4,685 between March and April. Volumes increased by 0.2% to 9,220 units and the average ages of LCV’s sold at auction fell to 68.4 months.

The average number of days that LCVs remained on site fell to 12 and the average mileage was 85,297 miles.

Price Changes by age

 

Jan-14

Feb-14

Mar-14

Apr-14

<2Years  

£11,145

 

£10,975

 

£12,005

 

£11,215

Previous month Diff  

-1.1%

 

-1.5%

 

9.4%

 

-6.6%

2-4Years  

£6,440

 

£6,580

 

£7,020

 

£7,135

Previous month Diff  

-2.3%

 

2.2%

 

6.7%

 

1.6%

4.1-6Years  

£4,320

 

£4,405

 

£4,470

 

£4,885

Previous month Diff  

-2.4%

 

2.0%

 

1.5%

 

9.3%

Over6Years  

£2,510

 

£2,555

 

£2,460

 

£2,370

Previous month Diff  

-0.4%

 

1.8%

 

-3.7%

 

-3.7%

 

 

 

 

 

 

 

 

 

 

 

 

The significant percentage fall in average price recorded in April can largely be attributed to a comparable percentage increase in average mileage. However, despite this slippage, price levels were almost 5% higher than at the same point in 2013.

With most LCVs selling at first time of asking (78%) it is worth noting that on average they achieved a price premium of £320 (+7%) over comparable lots sold in a subsequent sale.

Volume Changes by Age

 

Jan-14

Feb-14

Mar-14

Apr-14

<2Years  

488

 

557

 

353

 

375

Previous month Diff  

144.0%

 

14.1%

 

-36.6%

 

6.2%

2-4Years  

3,082

 

2,668

 

2,949

 

2,539

Previous month Diff  

171.3%

 

-13.4%

 

10.5%

 

-13.9%

4.1-6Years  

2,638

 

2,280

 

2,317

 

2,361

Previous month Diff  

117.1%

 

-13.6%

 

1.6%

 

1.9%

Over6Years  

2,977

 

3,078

 

3,579

 

3,945

Previous month Diff  

123.2%

 

3.4%

 

16.3%

 

10.2%

 

 

 

 

 

 

 

 

 

 

 

Despite sales volumes remaining static in April, the current level represents a 27% increase in LCVs number over the past 12 months.

Alex Wright, Chairman of NAMA Commercial Vehicle Group commented, “The data contained within this report continues to demonstrate the underlying strength of the marketplace for used LCVs. However, it would appear that prices for each of the LCV age bands we highlight have become more sensitive to changes in volume and average age/ mileage.

“The LCV market is still very strong, however the seasonal drop during May is due to the bank holiday.

“Whilst the consequences of fluctuations affecting the balance between supply and demand are well understood, this sensitivity to relatively subtle changes in age and mileage might surprise vendors”.

 

 

 

Posted by Sue Robinson on 23/05/2014