Used van prices have continued to rise according to the latest figures from BCA, which show average values rose to £3,862 last month - a £117 or over 3% month-on-month improvement. 

Values are now on a par with the peak of £3,868 recorded in January 2008.

 

Year-on-year values are ahead by £672.

Average values for fleet and lease vans rose by £180 - up by 4.4% against August's figures, and this followed a 5.2% rise the previous month.

Average fleet and lease values reaching £4,225, the £4K barrier has now been breached by fleet and lease vans for two consecutive months.

Following last month's pattern, all three sectors achieved over 100% of CAP values.

Direct entered fleet stock remains exceptionally desirable for both trade buyers and end-users and competition has been intense in the auction hall as good retail-ready vans are in short supply, said BCA.

However, condition remains critical and traders remain wary of ‘buying work’.

The real strength in the market can be seen in the average performance against CAP, which improved on the 101.67% highpoint recorded in August to reach 104.66%.