The average value of used Light Commercial Vehicles (LCV) at auction rose 4% last month, compared with the previous month.
According to the National Association of Motor Auctions (NAMA) Light Commercial Vehicle (LCV) market report for December average values at auction increased from £4,500 to £4,700.
However, total sales fell significantly in December from 4,082 to 3,551, representing a month-on-month reduction of 13%, and this was the lowest number of sales recorded in any month in 2012.
Alex Wright, chairman of the NAMA Commercial Vehicle Group, commented: “While the prospects for sales of new light commercial vehicles remain subdued, each of the used LCV sectors look poised to perform strongly during January. However with so much uncertainty surrounding the wider economy, the 2013 market remains difficult to predict.
“A sensible resolution for 2013 would be that best practice will consistently be followed in respect of managing every aspect of the fleet disposal process. In these challenging times, the reward for this will be that supply eases as we move into 2014 and higher prices will have been established that we can then build on.”