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 full name
Enter a valid phone number

Tick this box to receive the Trusted Dealers newsletter.

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?

Tick this box to receive the Trusted Dealers newsletter.

What's this?

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

NAMA Commercial Vehicle report – September 2013Back

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

The report shows that during September the average values of used LCV’s at auction across the board rose by 4.4% from £4,224 to £4,346 between August and September. Total sales increased from 7,101 to 7,929 units.

Both sales volume and average age rose by 1.4% in September, yet across a buoyant auction scene where conversion rates hit 73%, prices responded positively, rising by more than 4%. Increased sales of new LCVs suggest that high mileage vehicles are still in harness on extended contracts will soon have been released from fleet service.

Price Changes by age

Oct-12

Nov-12

Dec-12

Jan-13

Feb-13

Mar-13

Apr-13

May-13

Jun-13

Jul-13

Aug-13

Sep-13

<2 Years

£10,520

£11,040

£10,415

£10,625

£9,415

£11,280

£10,945

£10,690

£10,085

£10,605

£10,205

£11,185

Previous month Diff

3.5%

4.9%

5.7%

2.0%

11.4%

19.8%

3.0%

2.3%

5.7%

5.2%

3.8%

9.6%

2 – 4 Years

£6,050

£5,990

£5,970

£6,125

£6,435

£6,375

£6,900

£6,550

£6,375

£6,285

£6,170

£6,345

Previous month Diff

7.5%

1.0%

0.3%

2.6%

5.1%

0.9%

8.2%

5.1%

2.7%

1.4%

1.8%

2.8%

4.1 – 6 Years

£4,030

£4,005

£3,960

£3,965

£4,055

£3,995

£4,350

£4,120

£3,990

£3,915

£3,965

£4,080

Previous month Diff

7.5%

0.6%

1.1%

0.1%

2.3%

1.5%

8.9%

5.3%

3.2%

1.9%

1.3%

2.9%

Over 6 Years

£2,040

£2,000

£2,040

£1,965

£2,050

£1,925

£2,275

£2,120

£2,050

£1,945

£1,895

£2,190

Previous month Diff

7.1%

2.0%

2.0%

3.7%

4.3%

6.1%

18.2%

6.8%

3.3%

5.1%

2.6%

15.6%

 

In September the average price of an LCV sold at auction was £4,346.This showed a healthy uplift of 4.4% over the month of August. Encouragingly, improvements were recorded for LCVs of all ages with the oldest stock posting the biggest percentage gain of 15.6%.

Volume Changes by Age

Oct-12

Nov-12

Dec-12

Jan-13

Feb-13

Mar-13

Apr-13

May-13

Jun-13

Jul-13

Aug-13

Sep-13

<2 Years

421

284

197

487

462

243

356

366

426

398

404

334

Previous month Diff

54.2%

32.5%

30.6%

137.1%

1.1%

47.4%

46.5%

2.8%

16.4%

6.6%

1.5%

17.3%

2 – 4 Years

1,832

1,638

1,195

2,330

1,712

2,153

1,691

2,165

2,092

1,829

2,064

2,138

Previous month Diff

17.3%

10.6%

27.0%

95.0%

26.5%

25.8%

21.5%

28.0%

3.4%

12.6%

12.8%

3.6%

4.1 – 6 Years

3,257

2,754

1,780

3,340

2,808

2,785

2,454

2,898

2,611

2,622

2,687

2,759

Previous month Diff

26.0%

15.4%

35.4%

87.6%

15.9%

0.8%

11.9%

18.1%

9.9%

0.4%

2.5%

2.7%

Over 6 Years

1,939

1,944

1,303

2,207

2,154

2,369

2,750

3,050

2,736

2,682

2,661

2,698

Previous month Diff

30.4%

0.3%

33.0%

69.4%

2.4%

10.0%

16.1%

10.9%

10.3%

2.0%

0.8%

1.4%

 

Average all ages

7,449 6,620 4,475 8,344 7,136 7,550 7,251 8,479 7,865 7,531 7,816 7,929

Previous month Diff

13.6% 11.1% 32.4% 86.5% 14.5% 5.8% 4.0% 16.9% 7.2% 4.2% 3.8% 1.4%

With the exception of LCV’s aged 2 years and less, volumes increased modestly for all age bands with an overall increase of 1.4% being recorded. The expectation is that the total number of LCVs being de-fleeted will either fall or hold steady at around this level over the remainder of 2013 which should help to ensure that all used stock can be re-marketed to its full potential.

Alex Wright, Chairman of NAMA Commercial Vehicle Group commented, “Despite there being little relief in respect to age, mileage and volumes, overall in September, prices increased by more than 4% which points towards there being plenty of demand for LCVs at all ages.

“Looking forward to the first quarter of 2014, it would appear that there is little to delay further price rises being posted for the most desirable used lots. For harder used LCV’s it would seem that price levels are most likely to simply tread water which in itself would represent a good result.

“It might now be advisable for vendors to step back from the current market performance, which has admittedly been remarkably strong and take stock.”

Posted by Leana Kell on 27/10/2013