The latest British Car Auctions (BCA) Pulse update has highlighted an annual upturn in the average value of light commercial vehicles (LCVs) across the UK.

According to the organisation's figures for November, the month witnessed a slight dip from October – down from £5,151 to £5,109 – but remained considerably ahead of its position in November 2012.

Year-on year, the market has been particularly strong for LCV values, growing by more than 20 per cent and representing the largest annual increase on record for the index.

Looking to the future of the market, Duncan Ward, BCA's general manager for commercial vehicles, commented: "November saw corporate stock rise significantly and we expect that to be maintained in December as the shorter trading month means there are fewer opportunities to buy."

He added the small dip in values for November is attributed more to a subtle change in model mix rather than any downturn in demand, while greater numbers of dealer part-exchange vehicles are being seen at auction and these are typically holding higher age and mileage.

Need help recording your fleet's CO2 emissions?

Steph Bennett of The Fuelcard People can help you count, control and cut your fleets CO2 and other greenhouse gas emissions with our unique product CO2Count.

The UK Fuels fuel card is just one of the many products Steph can offer you in conjunction with CO2Count to help you reduce your fleet's carbon footprint.

Posted by Steph Bennett, Account Manager, The Fuelcard People.