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Van prices rise by 6.6% in February
Page 51
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With demand AVERAGE VAN PRICES still have a continuing apace, With demand AVERAGE VAN PRICES still have a continuing apace,
prices at British
average van way to go before trade can relax, but news that they have passed £3,000 for the first time since last October is a step in the right direction.
Car Auctions Prices rose 6.6% in February to 0,117 up almost £200 from January and more
have risen above
than 1.350 from the bottom of the slump 0,000 for the in December 2008. The market peaked at first time since £3,868 in January 2008. Last October. With demand strong, says Duncan Ward, BCA's UK business development manager for CVs, it is no great surprise used values climbed for the second month running.
"A recovery in average price was somewhat overdue. This is the biggest volume sector at auction, so for February to record an average price increase of nearly £200 over January is significant.
"CAP performance has also improved again, rising more than seven points in the month to reach 97%, following a six-point increase last month."
Ward adds: "Buyers are competing strongly across the board, and even stock with cosmetic damage is attracting a flurry of bids, which was not happening in 2008.
"Demand has held up well in March, and we hope that this interest will be maintained well into the second quarter." •