Values in the used van market have recovered in May after slipping in April for the first time this year.

May recorded a month on month improvement of £122 to reach £3,595 - recovering the £71 lost in April and more.

Values are now well ahead of the low point of £2,772 recorded in last December, and are starting to approach last year’s market peak of £3,868 (recorded in January 2008).

Fleet and lease van values improved in May by £159 to £3,938 – up 4.2% - and are now just £43 behind year-on-year, with values are more than £900 ahead of where they were at the back end of 2008.

Demand for light vans has been very strong since the turn of the year and with supplies well balanced, BCA remains confident that values should remain firm over the summer months.
Similarly, performance against CAP has levelled off around the mid-90’s mark, having climbed rapidly earlier in the year.

BCA’s Duncan Ward said: “There continues to be plenty of demand in the nearly-new sector despite an average value of over £8,500 that looks relatively expensive compared to dealer part exchange stock averaging around £2,000 and ex-fleet vans readily available at under £4,000.”