The average value of used LCVs sold at auction fell by 4.8% in December, according to BCA.
The auction company said the fall, to a new average of £9,452, was largely due to a change in model mix, with more older, higher-mileage vehicles coming up for sale.
According to BCA, demand remained strong, with a new record set for the period between Christmas and New Year.
Performance against guide prices averaged 98.8% during December, an improvement of 0.4% compared with November.
BCA UK COO Stuart Pearson said: “The overall picture from the LCV market during 2022 saw a return to more seasonal trading patterns as the constraints imposed by the pandemic eased.
“Whilst there were short spells during the year where supply and demand were not quite in sync, generally the wholesale LCV market remained well-balanced and average values in December reflected this.”
