Average used van values stall

Values for fleet and lease vans averaged £6,527 in October – down by £23 on September, according to BCA.

Year-on-year, values were up by just £9, with performance against CAP down by half a point on 2013. CAP performance averaged 102% and retained value against Manufacturer Recommended Price increased to just under 37%.  

However, overall year-on-year values are up by nearly 10% as the relative shortage of retail quality LCVs continues.

The average value of a van sold at BCA in October was £5,654 -  the second highest on record and just £4 behind the all-time record achieved in August of this year.

Duncan Ward, BCA’s general manager – commercial vehicles,  commented: “Demand remains strong in the used LCV market, a result of the improving economy and relative shortage of good quality stock.  There has been plenty of competition for LCVs that are in ready-to-retail condition and values for the best examples will outstrip price guide expectations by a considerable margin.

“With the demands on the parcel delivery and courier sector growing rapidly as the Christmas season approaches, values for larger panel vans have increased sharply with buyers even paying well over book values for vehicles requiring refurbishment.  The budget van sector is also buoyant, with average values for part-exchange stock peaking in October.”

Year-on-year table: All vans