Values of ex-fleet and lease vans sold through BCA in August rose £4 to to £8,135 to make it the fifth highest value ever in the sector.

The BCA Commercial Pulse report found the average sale price was £1,083 ahead of the same period last year, equivalent to a 15.3% rise.

Retained value against MRP (manufacturer Recommended Price) rose to 39.87%.

The overall average value fell £41 from £7,221 to £7,180 in August. The longer term trend continues to show value growth across the LCV sector, with year-on-year values ahead by £760, an 11.8% increase.

BCA COO UK Remarketing Stuart Pearson said: "While the headline average figure declined marginally in August, taken in the context that the last seven months have produced the seven highest monthly values on record it is evident that demand for LCVs remains high at BCA.

“We have seen a notable value evolution across the used LCV marketplace, with the average van in August selling for nearly 12% more than it was a year ago and corporate LCVs realising over 15% higher values.”