The average price of a light commercial vehicle (LCV) in the UK fell 1.7% between May and June, from £4,924 (€6,196) to £4,839, according to the National Association of Motor Auction (NAMA).

The largest fall in value came from LCVs under two years old, which fell 5.7% to £11,685, followed by LCV between two and four years old, which fell 4.6%, to £6,740.

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LCV;s between 4.1 and 6 years old fell 1.4% to £4,715, while older vehicles over six years actually grew 0.2%, to £2,470.

Due to the fall in value of newer stock, the average month on month price may have fallen slightly overall, however year-on-year prices were still up 13% compared to the same period in 2013.

Despite this slight fall, NAMA said the average price in June was still 13% above June 2013 values.

Volumes

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Overall volumes rose 3% month-on-month, with the biggest rise coming from two to four year old LCV, up 10.3% to 2,684 units.
This was followed by 4.1 to six year olds, which rose 9% to 2,353. Vehicles under two years and over six years both fell, by 5.6% and 3% respectively.

Paul Hill, NAMA chairman commented "With sales volumes rising, June continued the robust levels of demand witnessed across the wholesale marketplace over the past 18-months. However, following what are likely to be some slower months over the summer, it is hoped that September will bring equilibrium to the balance between supply and demand.

"Despite closing on a low note, the first half of 2014 has marked the successful conclusion of 6 months when demand had held firm for most used LCVs, driving prices to levels that were well above expectation."