New BCA report on LCV market
With a dearth of late-plate stock and even shortages of typical three to five-year-old fleet and lease vehicles, due to extended or deferred replacement cycles, and some operators adopting a used-for-used policy, the size and shape of the used commercial vehicle marketplace is likely to be changed for years to come.
The report highlights the potential for changing business practices within the LCV fleet sector and the importance of total management control through the acquisition, use and remarketing of LCVs.
Professor Cooke said: ‘Throughout the period of economic recovery, the role of the fleet executive in total management of LCV acquisition, operation and disposal is likely to become more important than it has been in the past.’
Professor Cooke suggests that if swiftly changing business needs require a “just in time” approach to LCV fleet management, some fleets may change from a wholly owned or wholly leased strategy to a more flexible small core fleet (owned or leased), which is added to through short-term rental sources as needed.
The report, “LCV Industry; Recession and Recovery”, is published by BCA and available as a pdf download from the BCA website at www.british-car-auctions.co.ukFor more of the latest industry news, click here.