The used LCV market held steady during August despite seasonal pressures, according to auction firm BCA.

The overall average value fell month-on-month by £41, or 0.5%, to £7,180.

BCA said this was a smaller fall than in the same period last year, and represented a year-on-year increase of £760, or 11.8%.

Month-on-month fleet and lease LCV values were up by £4 to £8,135 – an increase of £1,083, or 15.3%, year-on-year.

Elsewhere, part-exchange values were down by £8 during August to £4,375, although this is still an increase of £149, or 3.5%, on the same period last year, despite rises in average age and mileage, the latter by nearly 6,000 miles.

Nearly-new LCV values were up £174 month-on-month to £15,733, and by £1,221, or 8.4%, year-on-year, although BCA warns that as always these values have to be taken in the context of low volumes reaching the market, the model mix factor and the availability of stock.

BCA UK remarketing COO Stuart Pearson said: “While the headline average figure declined marginally in August, taken in the context that the last seven months have produced the seven highest monthly values on record it is evident that demand for LCVs remains high at BCA. 

“We have seen a notable value evolution across the used LCV marketplace, with the average van in August selling for nearly 12% more than it was a year ago and corporate LCVs realising over 15% higher values.”