For the first time in 2014, the average values of used light commercial vehicles (LCVs) fell in April by £162 (2.9%) compared to the previous month, according to the latest BCA Pulse report.
However, at £5,395 the average value for commercial vehicles remained the second highest on record since reporting began in 2005.
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All sectors witnessed a fall in value. Fleet & Lease LCVs fell by £314 (4.4%), P/X van values fell by £162 (4.3%) and nearly-new vans declined by £2,152 (14.1%).
According to the BCA, the latter figure in particular might reflect a "changing model mix" within the low volume sector.
According to the report, year-on-year values remain up by £397 (7.9%) over the same period twelve months previous, while age has remained unvaried at 58 months and average mileage has increased by 3,000 miles.
Duncan Ward, general manager for commercial vehicles at the BCA, said: "Although April’s values were the second best on record and are significantly higher than the same period last year, the market slowed over the extended Easter and May Bank Holiday period and sale conversion rates have fallen back.
"Volumes have risen quite noticeably, meaning there is more choice for buyers and this has impacted on average values."
He added that the market is now moving into what is traditionally seen as a time of slower demand, warning: "we may see some seasonal pressures on values over the coming three to four months.
"We should expect retail-ready LCVs to be very desirable with values to match, but vehicles presented with damage, in poor colours or with excessive mileage will need to be realistically valued if they are to sell first time," he added.
