Average Values for Vans Increase

 

In October the average price of a used light commercial vehicle increase by £223 compared to September says the latest figures that have been released by the British Car Auctions.

Prices

This is a 5.2 per cent increase meaning the average price for a used van is £4,447. The price increase could be to do with the face that the average age of the vehicles being sold decreased, so the vans are newer. This figure is at 58 months old on average. However this may be counteracted by the fact that the average millage increased to 79,000 miles.

This is good news for those looking to sell their vans as they will be able to make more money from it, using this to go towards commercial vehicle insurance or towards the next van.

British Car Auctions

Duncan Ward is the general manager at British Car Auctions and he has said, “October has been a relatively strong month for light commercial vehicle sales and average values improved compared to September. Real and virtual footfall at light commercial vehicle sales has increased significantly and the on-going shortage of retail quality stock is keeping values very firm indeed.

“Any vehicle in clean condition will attract the buyers’ attention, including older, higher mileage vehicles if they are well presented. As a direct consequence, values continue to rise for dealer part exchange stock, where average CAP performance is actually higher that the corporate sector. As in previous months, any late year, low mileage LCVs will create a wave of interest. Buyers will compete strongly for any vehicle with an unusual specification or modification such as crew cab vans, cherry pickers, tippers and dropsides and we are now seeing the upswing in demand for long-wheelbase panel vans, Lutons and fridge vans ahead of the Christmas period.”

 

 

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