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Used van prices up by 26% during 2020, Aston Barclay reports
Date: Wednesday, October 21, 2020 | Author: Sean Keywood
Used van prices have skyrocketed so far this year, and are showing no signs yet of cooling off, according to remarketing firm Aston Barclay.
It says the average price in Q3 was £6,204, up by 4.2% compared with Q2, and a massive 26% compared with Q1.
The firm says that Q3’s increase came despite both the average age and mileage of vehicles rising compared with Q2, by eight months and nearly 10,000 miles respectively, which it attributes to increased workloads since lockdown, and replacement cycles being delayed.
According to Aston Barclay, continued growth in the home delivery sector is set to further fuel used van demand.
An increase has also been reported in used double-cab pick-up prices, up by 4.7% on Q2 and 9.2% since Q1.
Aston Barclay national LCV manager Geoff Flood said: “The market has never seen a 26% rise before and from the high demand and lack of supply we are continuing to experience at auction the van price boom will continue into 2021.
“We are also hearing that some new vans are suffering from long lead times which will mean prolonged replacement cycles and heavier demand on used vans which will keep prices sky high.”
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