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Redundancies fuel rise in used van sales says BCA
Date: Tuesday, March 24, 2009
Many skilled tradesmen made redundant from big companies are setting up in business on their own reckons British Car Auctions; and one of the first things they’re buying with their redundancy money is a second-hand van.
As a consequence demand for used light commercials at its sales is surprisingly high says the company, bucking the economic trend. According to BCA’s data, good-quality vans priced at from £4,000 to £5,000 are attracting plenty of interest. Citroën’s Berlingo, Renault’s Kangoo, Vauxhall’s Combo and Ford’s Transit Connect are all in favour with buyers, subject to the condition they’re in and the level of their specifications. The more powerful the engine, the greater the interest among bidders.
Also popular are Ford’s Fiesta Van and Vauxhall’s Corsavan. Short-wheelbase panel vans are in demand too, with buyers willing to tolerate the odd minor ding providing the vehicle is otherwise clean and tidy.
Despite the difficulties builders and other tradesmen in the construction business are experiencing, tippers and dropsides remain popular says BCA. Service history and condition remain important, however. Nor is there any dimming of interest in chassis cabs fitted with Lutons and box bodies.
One consequence of all this activity is that BCA is now offering between 150 and 175 light commercials for sale each week at its Bedford branch. They’re sourced from vendors such as Lloyds TSB and Volkswagen Financial Services. It holds regular light commercial sales at several other branches spread countrywide.
UK bidders could, however, find that they’re in competition with foreign buyers — from the Republic of Ireland for example — eager to snap up a bargain given the strength of the euro and the weakness of sterling.
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