The average value of used LCVs at auction across the board decreased from £4,907 to £4.749 between January and February.

Figures from the National Association of Motor Auctions (NAMA) in its Light Commercial Vehicle (LCV) market report for February show that volumes saw an 8.6% increase and the average age of LCVs sold at auction fell to 68.6 months.

The average number of days that LCVs remained on site declined to 15 days, and the average mileage decreased from 84,617 to 82,650 miles.

At £4,749, the average price paid for LCVs in February fell by £34 (-0.7%) which represented a fall of £95 (-2%) against the comparable figure recorded in 2014.