Light commercial vehicle values fell 10.6% to £7,888 in October after two months of strong growth.
BCA, which reported the decline said it was due to “shifting stock mix”, ongoing cost-of-living concerns and seasonal factors.
Performance against guide price expectations also fell by 4%, a figure that was influenced by both the reduced average value, along with and several sellers taking a very proactive approach to keeping their inventory churning as the market eased.
Stuart Pearson, BCA COO UK, said: “Average LCV values came under pressure between September and October, influenced by numerous factors that can traditionally play market dynamics at this time of year.”
“Following the September plate change, the stock mix shifted into October, and values softened across several commonly offered models.
“The best-presented and most desirable light commercials continued to attract competitive bidding, with some achieving exceptional prices, while older, higher-mileage examples, and very specifically those in poor condition, needing to be keenly priced to generate interest.”
