Used CV values remain constant

Average values of used commercial vehicles remained relatively constant in February due to an increase in demand, according to British Car Auctions (BCA).

Despite a significant increase in the number of vehicles available on the market, average values dropped 1.8% (£76) last month, figures released by the vehicle auction specialist show.

There was a near-13% increase in the number of commercial vehicles sold in February.

The group said that average used commercial vehicle monthly values have stayed close to the £4,000-£4,200 mark since summer 2010.

Duncan Ward, general manager of commercial vehicles atBCA, said: "Demand held up well in February following the strong start to the year. Overall the market seemed pretty confident, although there were patches when buyers seemed to turn off.

"There are still issues relating to poor stock mix resulting from an influx of vans from business failures and liquidations, often in poor condition or non-retail colours and with a low specification and that is likely to continue in the months ahead."

Values in the part-exchange sector rose 4.6% to £2,565, the highest figure seen since last April.

Nearly-new values dropped £60 to £10,344 in February.

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