Used van values hit new high in 2014

British Car Auctions (BCA) recorded a used light commercial vehicle average value of £5,658 in August, an increase of £160 (2.9 per cent) compared to July and the highest monthly average figure on record. Year-on-year values remain well ahead — up £645 representing an increase of 12.8 per cent — with both age and mileage falling and performance against CAP improving slightly.
“Average values have been climbing over the summer holiday period, despite anecdotal reports suggesting that van retailers have been relatively quiet,” said Duncan Ward BCA’s general manager – Commercial Vehicles. However, the key factor driving the market is supply of good retail quality stock, or rather the lack of it, and this means there is plenty of competition for the best examples reaching the market.”
“Demand has been strong for well-presented corporate stock during August, while the few late-plate light commercials on offer can make exceptional values. As always, good condition is the key and vans with a nice specification and in an attractive retail colour are very desirable.”