Slight quarterly fall in used LCV prices reported

Date: Friday, July 29, 2022   |   Author: Sean Keywood

Average used LCV prices fell slightly during the second quarter of 2022, according to auction company Aston Barclay.

It said the average sale price fell from £8,138 in Q1 to £7,847 in Q2, a 1.6% decline, with the average age of vehicles sold falling from 70 to 65 months, and the average mileage increasing from 106,000 to 107,000 miles.

However, Aston Barclay has pointed out that prices are still 59.3% higher than before the Covid-19 pandemic, and said the sector remains stable because of an acute van shortage likely to continue until manufacturers solve new vehicle production problems, which may not be until 2024.

Aston Barclay LCV sales manager Geoff Flood said: “The LCV sector shares the same new vehicle production challenges as the car industry. Leasing companies are continually extending contracts due to the lack of new LCV production which is in turn starving the used market of three-to-five-year-old stock.

“The problem shows no sign of improving which is why despite the continued price falls the industry’s stock shortage is keeping the sector stable.”


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