Duncan Ward, BCA’s general manager – commercial vehicles said, “Average values have been climbing over the summer holiday period, despite anecdotal reports suggesting that van retailers have been relatively quiet.  However, the key factor driving the market is supply of good retail quality stock – or rather the lack of it – and this means there is plenty of competition for the best examples reaching the market.”

“Demand has been strong for well-presented corporate stock during August, while the few late-plate light commercials on offer can make exceptional values.  As always, good condition is the key and vans with a nice specification and in an attractive retail colour are very desirable.” 

Values for fleet and lease LCVs improved sharply from £6,464 in July to £6,805 in August with CAP performance improving to 102.99% and retained value against Manufacturer Recommended Price improving by over a point to 36.88%.   Year-on-year, values were up by £591 (9.5%), with performance against CAP up by more than half a point on 2013.