The average value of used vans sold at auction increased marginally by £21 to £6,452 in May, compared with April, the latest BCA Pulse report has revealed.
Year-on-year values also rose during the month, by £560, the remarketing giant said.
Ex-fleet and lease van values improved by £88 during the month to £7,179, while year-on-year values were up by £393 with the average age falling compared with the same month in 2016.
Part-exchange values were also on the up, improving by £86 during the month, while year-on-year values rose by £308.
It wasn’t all good news, however, as nearly-new LCV values fell by £811 during the month with BCA blaming very low volumes coming to the market for the substantial decrease.
“Buyer demand was patchy during May as professional buyers had a choice from a wide selection of stock and inevitably cherry-picked the best presented and most desirable vehicles. The Bank Holidays and half-term were additional distractions that fragmented demand during the month,” said BCA’s LCV operations director, Duncan Ward. “The model mix continues to change as rental volumes ease, and 4×4 double cab volumes continue to rise.”
