Overall, average values for light commercial vehicles fell in April to £5,508, a fall of £108 (1.9%) compared to March. However, year-on-year, average values were up by £113 (2.0%) compared to March 2014, with performance against CAP virtually static over the year. 

 

BCA’s head of Commercial Vehicles, Duncan Ward, said: “Although we are reporting some price pressure as a result of rising supply and the typical seasonal issues we experience post-Easter, there is still plenty of demand from professional buyers and end-users.  Average values for light commercial vehicles have risen significantly over time.

 

“With record numbers of small businesses being set up as the economy recovers there has been steady interest for panel vans of all types and capacities, as well as more specialised vehicles such as Lutons, dropsides and tippers. One of the first assets small businesses, partnerships and sole traders are likely to acquire is a company van and that is being reflected in the wider wholesale market.”