Core Insights - Registrations of new light commercial vehicles (LCVs) in the UK fell by 22.2% in November 2025 compared to the same period last year, with a total of 23,570 new vehicles registered [1] - Over the first 11 months of 2025, LCV registrations dropped by 11.4% compared to the same period in 2024, attributed to subdued business sentiment and economic conditions [2] - The major segment of large vans saw a decline of 19.7% in November, accounting for 69.8% of overall LCV sales [2] - Medium-sized vans experienced a decrease of 20.5%, while registrations for new 4×4 vehicles and small vans declined by 10.3% and 53.8% respectively [3] - Pickup trucks recorded a drop of 34.8%, marking their second consecutive monthly decline [3] - Battery-electric van (BEV) registrations increased by 25.3% to 2,909 units in November, representing a market share of 12.3% [3] - BEV registration numbers rose by 44.7% over the year, totaling 27,159 units since January, but only account for 9.4% of total LCV registrations, below the government-mandated target of 16% [4] - Registrations of new heavy goods vehicles (HGVs) in the UK reduced by 14.5% year-on-year during Q3 2025, with 9,272 new HGVs entering service [5]

Core Insights - British Car Auctions (BCA) reported an increase in average values of light commercial vehicles (LCVs) in September 2025, with the average selling price reaching £8,460 ($11,338), marking a month-on-month increase of 7.2% and a year-on-year rise of 13.6% [1][2] - The month saw the sale of over 9,000 LCVs, the largest monthly volume since early 2025, contributing to the average used LCV value surpassing £8,000 for the first time in 2025, which is over 104% of initial price guide expectations [2][4] - BCA's COO, Stuart Pearson, noted an increase in buyer engagement, with 2,600 unique buyers in September, leading to a 3% rise in performance against guide price expectations, the highest for the year [1][3] Market Trends - The used LCV market is compensating for a 2.1% decline in new LCV sales year-on-year in September, as reported by the Society of Motor Manufacturers & Traders [4] - There is a notable increase in values for good condition, sensible mileage vehicles, while there is also renewed interest in higher mileage, older vehicles, provided their condition is acceptable [4] - The average value of LCVs at BCA in August 2025 was £7,892, reflecting an increase of £955 from the same period the previous year [5]

Core Insights - The light commercial vehicle (LCV) market experienced significant growth in August 2025, with average values rising to £7,892 ($10,668), marking a £955 increase from the previous year, which represents a 13.8% growth [1] - The performance against guide price expectations improved, with values reaching 107.6%, indicating a dynamic shift in the market [1][2] - Over 8,500 LCVs were sold in August, despite it being a traditionally quieter month for trading [1] Market Participation - More than 2,500 different buyers participated in the market, competing for well-presented vehicles in a competitive environment [2] - Year-to-date average used LCV values at BCA stood at £7,974, aligning with 103.8% of price guide expectations, with participation from over 7,800 distinct buyers [2] Buyer Engagement - BCA UK COO Stuart Pearson noted that August's results were bolstered by strong buyer engagement, characterized by confident bidding and rising values [3] - The stock churn improved, leading to cleaner sales entries, while professional buyers focused on acquisitions to fill inventory gaps [3] Vehicle Condition and Demand - The condition of vehicles remains a critical factor, with retail customers demanding quality; buyers are willing to consider higher mileage or older vehicles if they meet cleanliness standards [4] - BCA's online commercial sales platform operates seven days a week, providing a large volume and variety of vehicles to meet buyer needs [4] Market Outlook - The performance in August suggests that the used LCV market could strengthen further as the industry moves into autumn, with demand remaining firm and competition intensifying [5] - In the used car sector, average values reached £7,357, reflecting a slight dip in corporate stock volumes, yet sold volumes remained robust [5] Year-to-Date Performance - For the year to date, the average sold value of a used car at BCA has been £7,660, with strong buyer engagement, particularly through online sales [6] - Car supermarkets continue to lead the market but face competition from franchise dealer group buyers who are actively seeking to enhance their inventory levels [6]