A new guide to disposing of commercial vehicles has been published by Shoreham Vehicle Auctions (SVA).

The company said the guide was designed to help fleets, particularly councils, to optimise their residual values as they look to comply with the London Ultra Low Emission Zone (ULEZ).

SVA said some fleets were being forced to replace vehicles unusually early to ensure compliance with the ULEZ, due to expand in August.

The guide, available via SVA’s website, includes advice on setting the correct reserves, the importance of local and national pre-sale marketing, and how offering vehicles to an open market across both physical and online channels can optimise values, especially for aging and damaged stock.

SVA MD Alex Wright said: “Many councils are already starting to de-fleet commercial vehicles that will not meet the new TfL ULEZ rules, to ensure they avoid being fined. 

“We launched the online guide to help and support them at a time when market prices and the used value guides differ quite dramatically.

“The difference between a fleet’s written down vehicle values and the current market price can be very different, and they risk under-pricing their vehicles if they are not careful. Councils are managing public money and the more we can help them make for their vehicles the better it is for all concerned.”