Average values of vans sold at auction increased across the board for the second month in a row in October, BCA’s monthly Pulse report has revealed.

The headline average figure increased by £47, reaching a 2015 high of £5654, while year-on-year values were at the same figure as October 2014.

Ex-fleet and lease vans recorded an average price of £6427 in October, an increase of £11 over September’s value, while year-on-year figures were down by £100 (1.5%).

Average part-exchange LCV values increased for the third month running, up by £84 (2.1%) to £3926, which the BCA said is the highest ever monthly value recorded for part-ex vehicles, while the year-on-year figure is ahead by £51.

Meanwhile, nearly-new van prices averaged £14,614 in October, an increase of £462 compared to September and the highest value recorded since March 2014.

“October was a strong month for LCV sales at BCA with average values peaking for 2015 – demand was strong across the month, with improving sale conversion rates,” said Duncan Ward, BCA’s operations director.

“With encouraging noises coming from most business sectors, a reasonably settled economy and relative shortage of good quality stock, both professional buyers and end users are bidding confidently across a range of makes, models and configurations,” Ward added. “There has been plenty of competition for LCVs that are in ready-to-retail condition and values for the best examples will outstrip price guide expectations by a considerable margin.”