Used van prices record first increase in 2022

The UK’s used van market saw prices rise in Q3, the first increase in 2022, according to figures from Aston Barclay.

The first seven months of the year showed a gentle softening of used LCV prices across the whole market, before the increase reported in Q3.

Overall, the price cap of £8,023 still remains significantly higher than the cap of £6,204 for Q3 of 2020. That’s despite the initial softening of values in 2022 and the average age and mileage of vehicles sold remaining higher two years later.

Due to the constraints of the market, no overall trends have been reported within the used LCV sector according to Aston Barclay’s latest LCV desirability index, which shows that vehicle choice has largely been based on what the buyer can afford within the available vehicles that fulfil a business need.

However, double cab pick-ups remain a popular choice among buyers, with models such as the Toyota HiLux, Mitsubishi L200 and Ford Ranger remaining ever present in the monthly top 10 desirability scores.

As the delivery sector begins to ramp-up towards Christmas, the usual seasonal demand for 3.5 tonne panel vans and smaller final-mile commercial vehicles remains.

Vehicles such as the Ford Transit Connect are expected to remain popular for Q4 as parcel delivery firms look to increase their fleet sizes to cope with seasonal demands.

Geoff Flood, Aston Barclay’s national LCV sales manager, said: “There are no signs that the used van market will do anything other than continue at its current level until such time as used stock levels begin to improve, which looks to be some time away.

“A pressurised marketplace is the result, with a lack of choice for buyers, but record sales rates for vendors.”

In order to support the used LCV sector, Aston Barclay has launched a new LCV sale at Chelmsford. This latest physical, drive-through LCV sale has been launched to offer the maximum choice possible to buyers, with the physical sale providing the ideal purchasing environment for buyers and sellers alike.

“By consolidating our popular Chelmsford sale, and continuing with the physical driven-through sales format, we are helping to offer the maximum choice possible to our LCV buyers,” added Flood.

More widely, the Aston Barclay Group continues to focus its attention on LCV, with The Car Buying Group beginning their Sell My Van campaign, with a new team that are on hand to be able to deliver accurate LCV valuations as consumers look to sell their vans.