Prices of second hand vans slumped in May as the credit crunch took a toll on consumer demand,
van insurance customers have been told.
Figures published in the BCA's Pulse report indicate that used vans had an average value of £3,979 last month, the lowest price this year and a £147 fall on the corresponding figures for April.
The part-exchange sector suffered an even bigger drop as values tumbled 8.3 per cent to £2,064, while nearly-new vans shed £87 in value as the May average slipped to £10,108.
Duncan Ward, BCA's UK Business development manager of commercial vehicles, claimed that this reflected an ongoing industry trend.
He said vendors should be realistic about the UK's current broad economic conditions.
"While demand has softened, there continues to be healthy supply of stock in the market," Mr Ward added.
"Unfortunately many of these vans are in poor condition, low specification and unpopular colours and in the current market they are very price sensitive."
BCA holds more than 100 vehicle auctions in the UK each week.
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