The latest Pulse update from British Car Auctions (BCA) has revealed average values for light commercial vehicles (LCVs) across the UK remained "high" during October.

According to the organisation's data, average LCV values fell by just £7 from the preceding month to £5,151, demonstrating near-record levels of value continue to be witnessed across the sector.

Average age and mileage for models coming to the market remained largely static during the month at 59.28 months and 80,725 miles respectively, while demand for quality LCVs remained extremely high among fleet and professional buyers.

Year-on-year, the market continues to prove extremely buoyant – up by just over 15 per cent for typical purchase prices from the same month in 2012.

Duncan Ward, BCA general manager for commercial vehicles, commented: "The used sector shortage is set to continue until new van volumes pick up significantly and the economy improves enough to generate a bigger churn of vehicles in the marketplace."

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Posted by Clare Lafferty, Account Manager, The Fuelcard People.