The average price of second-hand vans sold at auction rose for the third consecutive month in July, the latest British Car Auctions Pulse report has revealed.
According to BCA, the headline value increased by £94 (1.4%) during the month as demand for LCVs remained balanced.
Year-on-year values were well ahead, up by £622 (10.4%), with the average age and mileage declining, with BCA putting this down to a growing number of ex-rental vans and corporate stock being sold.
Ex-fleet and lease van values increased marginally, by £2 compared with June, while year-on-year values were up by £397 (5.8%).
Part-exchange van values, meanwhile, fell for the second month in a row, dropping by £50 (1.2%) to £4,012, however, year-on-year figures were ahead by £264 (7.0%).
Nearly-new van values hit £15,144 – the highest price since November 2016 – thanks to a rise of £1,669 (12.3%) during July, however, BCA said values can yo-yo as very few models are currently reaching the second-hand market.
“The market improved in July, with steady demand across the BCA network and strong performances at a number of LCV centres, notably Manchester, which broke a number of performance records during the month,” said BCA’s LCV operations director, Duncan Ward. “These strong results underline the intrinsic strength of the market and the demand from professional buyers for good quality commercial stock. Values remained firm at BCA with the growing volume of corporate stock handled by BCA helping to drive up the average sale price during the month.”