Values in the LCV sector are continuing to rise, with BCA recording unseasonably strong demand during August, traditionally a month that sees lower values.

Average values for fleet and lease, dealer part-exchange and nearly-new vans all rose, and for the first time all three sectors achieved over 100% of CAP values.

According to BCA’s Pulse report, average used LCV values across the board improved in August by £179 (5%) to reach £3,745 – the highest point since April 2008. Year-on-year values were ahead by over £500.

“August proved to be a remarkably strong month for LCV sales and certainly outperformed the customary ‘summer holiday season’ market,” explained Duncan Ward, BCA’s general manager commercial sales.

“With supplies of good retail quality vans relatively limited, there was strong competition for the best examples – particularly in the fleet sector where competition intensified.

“A number of corporate vendors recorded 100% sales conversions for the first time, and many sales averaged over 100% of CAP across the board.”