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Prices of nearly new vans rocketed in May, up 14.6 per cent compared to April, according to BCA.
The auction house said there was exceptional demand for nearly new vans with an average Cap performance of 108.4 per cent.
BCA warned that the rise had to be taken in context of low volumes and model mix.
Overall used van values staged a recovery in May following a poor performance the month before.
The market in April was disrupted by the late Easter, the royal wedding and the hottest April on record.
Values in May rose 6.3 per cent to £4,218, after dipping to a seventeen month low of £3,969 in April.
The volumes of vans sold increased by 6.7 per cent but still have a long way to go to fully recover from the 31 per cent fall recorded between March and April.
All three sectors, fleet & lease, dealer part-exchange and nearly-new, saw values improve during May.
Year-on-year values remain behind by £248 compared to May last year – when the market was peaking in terms of value.
Duncan Ward, BCA general manager commercial vehicles said: “”Buyer confidence has notably improved following the very disruptive trading conditions experienced at the back end of April.
“Late year product remains exceptionally rare and difficult to source and as a result examples are hugely coveted by professional and non-trade buyers alike.”