According to new data from British Car Auctions (BCA), the combined effects of limited supply and increased demand from businesses starting to feel more confident about the economy has continued to push up commercial vehicle values.
Average values for light commercial vehicles reached record levels in September, according to BCA’s latest Pulse report, as demand for good quality vans from professional buyers continued to outstrip supply.
BCA’s latest Pulse data shows average LCV values rose sharply in December in a short month for trading that was also very short of stock. Both fleet/lease and dealer part-exchange values improved month-on-month, establishing new market high points in the process.
According to BCA’s latest Pulse Report, average used LCV values improved by £149 (3.6%) to £4,224 in September compared to August, although year-on-year figures lagged behind for the first time this year.