The average value of used LCVs sold at auction rose by 3.5% month-on-month in February, according to BCA.
The auction company said the average of £7,998 was the highest monthly average seen since May last year.
BCA said LCV values averaged 103.7% versus guide prices during February, and that sold volumes also increased.
BCA UK COO Stuart Pearson said: “Currently there is a level of confidence in the LCV market that has produced some exceptional results, fuelled by a very attractive mix of stock and some very strong buyer engagement.
“Increased volume can often dilute pricing, however in a month where more than 10,000 LCVs were sold at BCA, real values increased and guide price performance lifted.
“Whilst only a few weeks into the new year, there’s a very healthy balance between supply and demand, which is welcome news for both sellers and buyers alike.
“March trading has continued with a similar pattern and whilst we could see some pressure as we move over the Easter period, following the sharp drop in values during 2024, the expectation is for a calmer and more predictable marketplace than experienced last year.”
