Average used van prices rose by a record 54.5% during 2020, according to auction firm Aston Barclay.
The rise has been attributed to high demand and low stock, with average prices going from £4,923 to £7,608 during the year.
Aston Barclay said much of this rise happened towards the end of the year, with values jumping by 22.6% from Q3 to Q4.
Double-cab pick-up prices were also at a record high by the end of 2020, reaching an average of £11,211, up by 14.9% from Q1.
Even after the record-breaking values seen in 2020, Aston Barclay national LCV manager Geoff Flood said there was no sign of the market slowing down so far in 2021.
He said: “The first few weeks of 2021 have been no different with lots of buyers in the market with limited stock available to bid on, so prices have remained very strong.
“We anticipate this trend continuing throughout 2021 with manufacturer supply, extended lease contracts and greater demand from sectors such as home delivery and SMEs all contributing to what we think will be another record year of demand and prices.”