The National Association of Motor Auctions (NAMA) said the average values of used LCVs at auction increased by 2% in February.
The average wholesale auction price for a used LCVs increased from £4,315 to £4,387 and total sales rose in February from 6,138 to 6,523, representing a month-on-month increase of a 6%.
NAMA said all key market indicators in February confirmed that there continues to be strong demand in a robust market. Following a slow start in January it is positive to see that despite another rise in volumes that prices rose by a solid 2%.
With conversion rates hitting 80% the report says it is clear that demand remains buoyant with further strong performances predicted for 2013.
Alex Wright, cChairman of the NAMA Commercial Vehicle Group said: "It is encouraging to see that 2013 is shaping up to be a strong year for the LCV auction market.
"The underlying strength of the market achieved last year has provided a solid foundation for 2013 which NAMA expects to continue to improve during 2013."
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
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