Values were up 11.4% month-on-month to £4736 and were bolstered by a larger percentage of higher value fleet and lease vehicles in the model mix
Fleet and lease values were up by more than 5% to £5383 in December compared to the previous month.
Across the whole market, including fleet and lease, dealer part-exchange and high value but low volume nearly new, year-on-year values were up 10.7% in December with age virtually static at 55.93 months and mileage up by 2300 miles to 78,793 miles.
BCA’s general manager Duncan Ward said: ““The stock shortage is a long term issue and is unlikely to change until new van volumes pick up
significantly and the economy improves enough to generate a bigger churn of vehicles in the marketplace.”
“Overall, 2012 saw steady value growth in the used LCV market, with average values ahead of those seen in 2011. Buyer confidence is fairly fragile and there is a lot of buying to order, but competition for the best quality vans is driving values up. Currently there appears to be little on the horizon that is going to change
those market conditions, but with the continuing economic pressures and reduced business confidence it remains to be seen if we see the same robust value growth in 2013 that was experienced in 2012.”
