Used van values at record high

Date: Monday, October 17, 2016   |  

The average value of vans sold at auction in September rose to £6,140, an increase month-on-month of £51 (0.8%).

According to the BCA Pulse report, this represents the highest point on record for the second month running, with average values up by £533 (9.5%) year-on-year.

Ex-fleet and lease van values increased by £104 (1.5%) in September, with year-on-year values also up, by £468 (7.3%), while both the average and mileage were lower than the same period in 2015.

But part-exchange van values fell by £33 (0.8%) during the month to £3,997, following a rise in a values in the previous month, however the year-on-year average is still ahead by £155 (4.0%) compared with September.

Nearly-new van values also fell during the course of the month – by £393 (2.9%) – to £14,382 compared with August.

“The LCV market has seen continued value growth throughout much of 2016.  There has been steady demand for vehicles to service online shopping delivery, the construction and civil engineering industries and the small business and entrepreneurial start-up sector,” said BCA’s head of commercial vehicles, Duncan Ward. “BCA continues to experience plenty of demand for tippers and dropsides, Lutons and larger panel vans, the latter often going back to work to service the online shopping sector.”

“However, volumes are rising and buyers will have more choice in the weeks ahead. This underlines the importance of appraising and valuing vehicles sensibly, as this builds buyer confidence and delivers benefits for buyers and sellers alike,” he added.


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