Used van prices hit annual high
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Prices at BCA rose by 8.7% during September to reach its highest level for 16 months
Words: Kevin Swallow
THE AVERAGE price of a used van rose to an annual high in September, according to British Car Auctions (BCA), as the second-hand trade threw its net wider in the hunt for suitable stock.
Prices went up £353 from August to £4,409 during September, the highest figure for 16 months. Duncan Ward, general manager of CVs, says there were more vans from corporate fleet sources, but demand is still outstripping supply.
“The average value increase in the fleet and lease sector was up compared to August. Trade buyers are having to look further afield to secure the stock they need and we’ve seen an uplift in the numbers logging onto BCA Live Online and our bid now/buy now internet platforms,” he says. “Many are looking at older or damaged stock. We have also seen values rise in the dealer P/X sector, while demand for the few late-year LCVs remains intense.”
Values of ex-fleet and lease vans rose to £5,041, the highest since May 2010, while year-on-year values are up 3.3%. ■