The latest light commercial vehicle (LCV) figures from the National Association of Motor Auctions (NAMA) show a dip in average values and a significant drop in sales.
The average value of used LCVs at auction fell by £33 from £4,322 to £4,289 between May and June. Total sales were 19% down (from 7,722 to 6,255 units).
NAMA says fluctuations in mileages are proving increasingly difficult to anticipate, although they are unlikely to fall back any time soon.
Mileage changes by age
Alex Wright, chairman of NAMA’s commercial vehicle group, commented: “June’s report highlighted underlying strength within the marketplace with encouraging data on conversion rates, the number of entries needed to achieve a sale and the average age of an LCV lot.
“With a flexible approach being adopted by both vendors and trade buyers, supply and demand has broadly been kept in balance.
“July is set to be something of a patchy month as auction regulars take a well-deserved holiday.”