Average values for light commercial vehicles sold at auction fell by £108 (1.9%) in April to £5508 compared to March, according to the latest BCA Pulse report.
Year-on-year, average values were up by £113 (2.0%). The average age of vans sold at auction was down slightly year on year (58.08 months compared to 58.52 months in April 2014), while vans sold last month had just over 3000 fewer miles on the clock than this time last year.
Values for fleet and lease LCVs averaged £6459 in April, a fall of £150 (2.2%) compared to March, while year-on-year values were down by £276 (4.1%).
Although we are reporting some price pressure as a result of rising supply and the typical seasonal issues we experience post-Easter, there is still plenty of demand from professional buyers and end-users. Average values for light commercial vehicles have risen significantly over time,” said Duncan Ward, BCA’s head of commercial vehicles.
Ward said that with record numbers of small businesses being set up as the economy recovers there has been steady interest for panel vans of all types and capacities, as well as more specialised vehicles such as Lutons, dropsides and tippers.
“One of the first assets small businesses, partnerships and sole traders are are likely to acquire is a company van and that is being reflected in the wider wholesale market," said Ward.