The average value of light commercial vehicles (LCVs) in the UK rose last month, according to the latest British Car Auctions' (BCA) Pulse update.

December's average value was the highest single monthly performance on record since the launch of the BCA Pulse in 2005, with a result of £5,311. It was also the fifth month in a row that values have exceeded £5,000.

Year-on-year, the market rose by 12.1 per cent, with a constraint on the supply of top-condition models coming to market serving to bolster values over recent months.

Limited volumes of stock have meant sellers are now charging a premium for LCVs in the UK, while forecasts for the months ahead show this issue could actually get worse before it gets better.

BCA general manager for commercial vehicles Duncan Ward commented: "Demand remains right across the board, from older higher mileage vans through to younger ex-fleet and lease vehicles, while the few late-plate light commercials on offer can make exceptional values."

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