The average value of used LCVs sold at auction reached the highest point last month since February 2022, according to BCA.

The auction company said the April average of £10,325 also represented a 3.5% increase compared with March.

It said the mix of vehicles on offer played into this increase, with performance against price guides largely stable at 102.4%.

BCA UK COO Stuart Pearson said: “LCV sales at BCA continue to return strong results during 2023, with rising average values and excellent engagement from the large number of professional buyers that support our specialist commercial vehicle sales programme.

“With LCV volumes remaining somewhat constrained following the supply chain issues brought about by the pandemic, stock location is critical to success for used commercial vehicle dealers.

“Our focus remains on ensuring consistent supply and developing our sales programme and online services to support our customers’ needs.”