Traditionally, high mileages were less important if the van was in good condition, but according to EurotaxGlass’s, there are four key mileage figures that determine commercial vehicle prices.
Analysts at the firm reckon that vans below 40,000 miles maintain broadly similar values, while between 40,000 and 60,000 there is a noticeable drop in values. However, the key figure is 100,000.
After this, EurotaxGlass’s says a commercial vehicle becomes ‘difficult to remarket profitably’.
At 150,000 miles, an LCV will only command ‘distress’ prices.
George Alexander, chief commercial vehicle editor at EurotaxGlass’s, said: ‘The poor values realised by high mileage vans do not necessarily reflect the overall condition of the vehicle. Modern LCVs are built to a high standard, and even high mileage examples may have a useful life ahead of them and can represent good value.
‘However, dealers are wary that high mileages may mean high warranty claims and they are increasingly adopting mileage adjustments to determine disposal values.’
CAP’s view differs slightly. In its July Red Book used commercial values editorial it states that the market for panel vans is ‘generally more accepting of higher mileages, provided that the vehicle is in good condition’.
The CAP editorial also says that an enhanced specification, clean condition and low warranted mileage are the three keys to used sales success for commercial vehicles.’
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