LCV values fall again in October
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The average value of light commercial vehicles (LCVs) being brought to auction continued to fall in October, new data from British Car Auctions (BCA) confirms.
Vans reached an average sale price of just £3,083 when put under the hammer by the company, marking a 3.3 per cent fall of £107 against the figure seen in September.
What's more, fleet and lease vans endured one of the biggest falls, with prices coming down by £128, or 3.6 per cent, to £3,353. Average mileage also fell by about three per cent.
"Fleet & lease vans represent the biggest volume sector at auction and consequently the most consistent pressure in terms of price has been felt here," commented Duncan Ward, UK business development manager at BCA.
He added: "While there was a small rally in April, prices have generally been moving downwards all year and are now £808 - or 19.4 per cent - behind the January highpoint."
The most significant LCV depreciation in recent times occurred in June, when average prices plummeted by £250.
