Used LCV value up 1.7% between May and June
The latest National Association of Motor Auctions (NAMA) light commercial vehicle (LCV) market report shows that the average value of used LCV’s at auction across the board increased 1.7% to £4.677 between May and June.
According to the organisation volumes saw a 6.6% increase, and the average age of LCV’s sold at auction fell from 69.3 to 67.7 months.
The average number of days that LCVs remained on site rose to 15.4 days, and the average mileage decreased from 81,761 to 80,504 miles.
In June, despite the average price achieved for LCVs increasing by £78 (1.7%), this still represented a fall of £162 (-3.3%) over the past 12 months.
There was a sizeable increase in the number of LCVs being wholesaled through the auction system in June.
Growth of 6.6% took the monthly tally to 10,202 units and delivered an increase of 17% over the same month in 2014.
With the exception of the oldest lots, supply improved at all years.
Paul Hill, NAMA Chairman said: “This month’s LCV report delivers plenty of good news for those wholesaling used LCVs to digest, and highlights that the market for used LCVs remains robust.
“In June, average price and overall volume each saw healthy gains with average mileage continuing to fall back.
“These are positives that set the scene once we are through the summer lull, for a strong second half of 2015.”
RHA launches Calais petition calling for return to law and order at the port
It states: “Support the RHA call to have the French put in their military to restore law and order NOW, protect our drivers and help end Operation Stack.”
It comes after the relaxation of EU drivers’ hours rules for those caught up in the disruption.
Prime minister David Cameron has been chairing a meeting of the Cobra emergency committee today with reports suggesting the government may look to use some MoD land to alleviate the pressure on Operation Stack.
Image: Press Association