The average value of used LCVs sold at auction was stable in May, according to BCA.

The auction company said an average sale price of £7,972 was down by £18 month-on-month, and £38 year-on-year.

BCA said sale conversions remained strong, supported by extremely competitive bidding for the best-presented stock.

It said values outperformed guide price expectations, continuing a trend seen so far this year, averaging 101.5% across the month.

BCA UK COO Stuart Pearson said: “Buyer customers remain hungry for stock, and we continue to refine our online sales programme to meet their needs.

“Once again, any notion of when prime time is for selling a commercial vehicle has shifted significantly, with some of the most competitive sales activity, conversion and values achieved being seen across our weekend LCV sales.

“Quality stock will always demand a premium, but with plenty of base spec LCVs available in the marketplace, the best results continue to be achieved by those sellers who take a pragmatic approach to investing in the right level of preparation, supported by the data that validates the decisions being made.”