The value of fleet and lease LCVs sold through BCA in January fell month on month by £239 to £7,521, although stock availability and sold volumes rose significantly.

However, this was still £423 (5.9%) higher that for the same month last year, with average age and mileage also declining when compared to this period in 2017.

The average age of fleet and lease LCVs sold in January was 38.45 months (2017: 40.11), while the average mileage was 58,915 (2017: 64,851).

However, BCA's Pulse report also said January's retained value against MRP (Manufacturer Recommended Price) fell by nearly a point to 37.27%.

Overall, average light commercial vehicles at BCA returned to more typical levels in January, having risen to an all-time high as a result of seasonal factors coming into play as the year came to a close.

Volumes rose significantly around the BCA network, with a number of record sales as buyer demand rose sharply folloing the festive break.

Average values of £6,827 across the month were the second highest on record,  with 47% of all vans being purchased via BCA Live Online in January. 

Year-on-year values remain ahead, up by £418, equivalent to a 6.5% increase over the period. Average age and mileage continue to fall.

Duncan Ward, LCV operations director at BCA, said: “The market has returned strongly in January, with good attendance at sales since the turn of the year and plenty of activity from online bidders. 

"We handled record volumes of LCVs at BCA in January, as we launched the UK’s most extensive commercial vehicle auction programme with new regular sales commencing in Blackbushe, Glasgow and Wolverhampton."