The average monthly value across all LCVs rose above £9,000 at BCA in January.
BCA has recorded the third highest average monthly value and the second highest sold monthly volume since the onset of the pandemic in March.
Average LCV values at BCA rose from £7,709 in August to £7,994 in September, a 3.7% rise and the second highest value recorded since lockdown.
The booming home delivery market has led to increased demand for retail-ready used vans by dealers.
Cap HPI says that the used van market remained strong in September across the majority of sectors with average values up by 3.6%.
BCA is reporting that average values for used light commercial vehicles improved at BCA in August as sold volumes continued to rise.
The used van market shows no sign of slowing down, with record prices being predicted for the rest of 2020 and into 2021.
Manheim has recorded another record-breaking LCV sales performance in August, bucking the traditional seasonal slowdown and setting an all-time average selling price record.
Used van prices have reached an all-time high in July as demand for used stock increases among buyers.
Pent-up demand for used vans reduced stock levels to a point where prices rose by between 30-40% in June, reports Shoreham Vehicle Auctions (SVA).
Demand for used vans is expected to increase in the coming months as fleets look to replace tired vehicles, according to Aston Barclay.
Average values for used light commercial vehicles (LCVs) rose across the board during January 2020, according to BCA’s LCV Pulse report.
Vendors and buyers saw a month-on-month increase in volumes, values and conversion rates at Manheim in a positive conclusion to a turbulent year.
Average values improved by £227 (3.2%), year-on-year, for light commercial vehicle values at BCA in November, 2019.
Strong demand in the wholesale market supported unseasonably strong used values for all LCV sectors in November, according to Cap HPI.
Increased volume met strong buyer demand at Manheim in October as 84% of LCVs sold first-time.
The new standard has been created to coincide with the launch of the Vanbase supermarket in Bristol this month.
Manheim has secured a preferred supplier remarketing partnership with Zenith until 2021.
Demand for used vans remained strong in February, with 82% selling first time – up 1% on January 2019 – says Manheim.
BCA’s specialist LCV Pulse report showed average values for used light commercial vehicles rose during January 2019 at BCA.