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 4x4 double cab volumes continue to rise.”