The average value of used LCVs sold at auction, and the total number sold, both increased month-on-month in October, according to BCA.
The remarketing company said average values rose by 0.7% to £7,501, while sold volumes rose “significantly”, due to expected increased demand for delivery vehicles ahead of the Christmas period.
BCA UK COO Stuart Pearson said: “The used LCV market saw prices realign quite sharply between April and August of 2024, but the market has bounced back recently with two consecutive months of modest value growth recorded and BCA continuing to see significantly increased volumes of light commercials sold.
“A little consistency in pricing goes a long way to building strength across the wider marketplace. It means sellers can value vehicles realistically in line with market expectations, while buyers can purchase stock in the confidence that values are likely to remain steady in the weeks ahead.
“We are seeing this confidence reflected in rising buyer numbers at BCA and record sales volumes for light commercial vehicles.”
