Online business drives up used van values in November

Date: Wednesday, December 16, 2015 | Author: James Dallas

Demand from dotcom traders helped to push the average value of used light commercial vehicles to its highest point this year in November, according to BCA.

Values increased 2.1% (£123) to £5777 compared to October and were up 2.8% (£162) year-on-year.

Average mileage dropped from 78,858 over the course of the year with age down two months to 55.75 months.

BCA’s LCV operations director, Duncan Ward, said: “There is continued demand for vehicles to go straight to work in the parcel delivery and courier sectors to meet the needs of online retailers.

“BCA is seeing a more attractive mix of stock with less duplication of models and this is keeping buyers interested and prices firm,” he added.

“At the budget end of the market, higher mileage, poorer condition vans are selling providing they are priced in line with market expectations.”

The fleet and lease sector recorded values of £6551 in November – up £124 over October but down £29 year-on-year.

Part-exchange values rose for the fourth month running to £4032 (2.7%) – the highest monthly value ever reached for part-ex vans at BCA, which said non-trade buyers had driven up prices.

Values in the low-volume nearly-new sector increased 4.2% to £15,228 in November month-on-month.

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