Marginal gain for used van values in June

Date: Thursday, July 06, 2017   |   Author: Daniel Puddicombe

The average price of second-hand vans sold at auction in June remained steady, improving by just £7 month-on-month the latest BCA Pulse report revealed.

However, year-on-year values were ahead, by £551, with the average age of vans sold being three months younger than the vans that went under the hammer 12 months ago.

Ex-fleet and lease van values decreased by £5 in June compared with May, to £6,754, while year-on-year values remained ahead by £420.

Ex-part exchange van values also saw a minor dip, with prices falling by £83 in comparison with the previous month, though year-on-year values were still up by £284.

However, nearly-new values bucked the trend, rising by £448 compared with May’s price, to £13,475, although the remarketing giant said this should be taken with a pinch of salt, as very few vehicles reach the market in this condition.

“History shows us that the commercial vehicle market typically slows over the summer months and we would expect to see pressure continuing on average values between now and the new registration plate in September,” said BCA LCV operations director, Duncan Ward. “While average selling price appears resilient, this is largely due to the influence of a younger, lower mileage profile of vehicles currently reaching the market and the growing volume of corporate stock handled by BCA.”



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