The headline average value of second-hand vans sold at auction fell by £95 to £6,431 during April, compared with the previous month, the latest BCA Pulse report has revealed.
Despite this dip, the first four months of 2017 have achieved the four highest monthly average values on record at BCA, the remarketing giant said.
“The market dipped slightly in the post-Easter period but overall demand has held up well, particularly when considering external factors such as the snap election, which might have introduced some uncertainty,” said BCA’s LCV operations director, Duncan Ward. “The model mix is starting to change as we are seeing rental volumes easing for the first time this year, while 4x4 double cab volumes continue to rise.”
Year-on-year values continue to be ahead, up £485, with the average age and mileage declining compared with the first four months of 2016, with BCA putting this down to an influx of rental stock coming to market in recent months, a trend BCA said slowed in April.
Ex-fleet and lease values dropped by just £2 during the month compared with March, though year-on-year values are still ahead by £273 (4.0%) with the average age declining (39.5 months compared with 40.4 months) compared with the same month in 2016.
Part-exchange LCV values, meanwhile, fell from the record level seen in March by £174 (4.1%) to £4,059 in April, while year-on-year values were ahead by £209.
For the first time this year, values in the fluctuating nearly-new LCV sector improved, by £415, to £14,838, in April, though the remarketing giant said this figure should be taken with a pinch of salt thanks to the low volumes reaching the market.