Used van market holding steady
16th September 2011
The used LCV market remained steady in July compared to June, but the long-term outlook is for values to rise again.
BCA reported a marginal drop in average values for the month of just £10, to £4,130. 
It was the second monthly fall in a row, although values remain well above April’s low point. Typical seasonal price pressures affected dealer part-exchange and nearly-new values, although fleet & lease values actually rose during the month.
“While prices have stuttered in the past few weeks,” said BCA’s general manager for commercial vehicles, Duncan Ward, “the long-term prognosis is for values to rise again.
“The summer months are traditionally very quiet in terms of demand, but with buyers recognising that stock will be in short supply for some time, this has not applied in 2011. The markets are already experiencing a shortfall of 3-to-5 year old one owner used LCV stock and as demand begins to pick up further in the autumn months, we could see prices rise sharply in the used market.”
He added: “We are already seeing some professional buyers moving away from their traditional age and mileage profiles, either competing for scarce late-plate vehicles or looking at the best presented part-exchange and privately-entered vehicles coming back to market.”
Take a look at our Used Vehicles or call our Used Vehicles Specialists:
Used Vans: Scott Williams on 07968 544394
or email scott.williams@euro-commercials.co.uk
Used Trucks: Dean Stone on 07968 544380
or email dean.stone@euro-commercials.co.uk