Used van values hit a record average high of £5322 in January following a rise of just £11 compared to December 2013, according to BCA’s Commercial Pulse.

It was the sixth month in a row that the average value per van at BCA’s auctions has exceeded £5000.

Year-on-year values were up almost 14% and average age rose by a month to 58 months but mileage dropped by about 1000 miles to 79,654.

BCA’s CV general manager Duncan Ward said: “January essentially delivered more of what we saw throughout the previous 12 months – a shortage of stock allied to decent levels of demand that generated exceptionally strong prices in the used van market.”

Ward said that as well as good condition stock, LCVs with specialist equipment such as tippers, dropsides or Lutons with tail lifts were attracting the strongest interest.

He added that around a quarter of sales in January went to online bidders.

Online remarketing firm Autorola said the average price of used LCVs sold through its platform, which predominantly covers stock under three years old, increased by 15% year-on-year in January to £8020.