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September boost for used van prices
Page 51
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ACCORDING TO the latest Pulse Report from British Car Auctions (BCA), average used LCV values increased by 1117 — more than 3% over August's average figure of 1.3,745.
Compared with September 2008, used values are up £672. but BCA says that the real strength in the market is demonstrated in the average performance against figures from red book producers CAP.
The three key market sectors (fleet and leased, dealer-entered part-exchange and nearly-new vans) all averaged more than 100% of CAP guide prices in September.
BCA general manager CVs Duncan Ward (pictured) reveals: "With supplies of good retail-quality vans remaining limited in September, prices stayed firm.
"However, it would be unrealistic for values to keep on rising, with September values traditionally showing a peak in the annual price cycle, but these are exceptional times, and the overall market is certainly tiring on all cylinders.
"Our online bidding service also showed increased activity, which indicates that dealers are looking far and wide to meet their customers' needs." •