An increase in stock from dealers caused a drop in headline LCV sale values in April, according to auction firm BCA.
It says that while the average LCV sale value went down from £7,421 to £7,199, this was caused by more sales of relatively low-value dealer part-exchange vehicles.
The average value of these was also down month-on-month from £4,645 to £4,613, though there was still a 3.9% year-on-year rise with comparative age and mileage falling.
In contrast, the fleet and lease sector saw a 1.6% upswing month-on-month, from £8,163 to £8,294.
But year-on-year values in this sector were down by 2.3%, which BCA attributes to rising average vehicle age and mileage.
The very low volume nearly-new LCV sector achieved an average value of £15,687 in April – down from £16,280 in March and £16,148 in April 2018.
BCA COO for UK remarketing Stuart Pearson said: “The seasonal run of public holidays over the Easter period will inevitably impact on trading, but we saw demand increase later in the month and competition was strong for well-presented, ready-to-go LCVs.
“While the overall headline value fell, this was largely due to the seasonal shift in stock mix with increased volumes from dealer part-exchange sources.
“Across the network, we’ve seen buyers continue to focus on quality stock which has positively impacted values for corporate and lease entries.
“Those sellers that price accurately and in line with market expectation continue to attract the best following and the commercial vehicle market remains as expected for this time of year.”