Used vans demand pushes prices to record levels18 February 2016

Demand for used vans is pushing prices to record levels, according to latest data from BCA, the UK and Europe’s largest vehicle marketplace.

The headline average value of a used LCV climbed for the fifth consecutive month in January 2016, according to BCA LCV operations director Duncan Ward.

Values for LCVs sold at BCA averaged £5,901 in January – a rise of £91 (1.5%) compared to December 2015. Year-on-year values were up by £441 – equivalent to 8.0%.

“January saw strong levels of demand for LCVs at BCA, with a buoyant marketplace pushing up average values”, confirms Ward.

“The overall sentiment from trade buyers is that retail demand is good and this is keeping the auction halls busy as dealers compete for stock,” he explains.

Ward says that over recent months BCA has also seen a “better mix” of vans and specifications available.

“This, combined with a reduction in the overall age and mileage profile, resulted in healthy average selling prices during January,” he says.

He also says that BCA is seeing significant demand for vehicles with a retail type specification, unusual configurations and/or special equipment.

“Buyers are looking for vehicles to service the online delivery sector, so typically larger panel vans in good condition are sought after.

“There is also ongoing demand for tippers and dropsides from the building and civil engineering sectors,” he says.

Brian Tinham

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