High van demand 'leading to increasing used vehicle values'
High van demand 'leading to increasing used vehicle values'
Increasing demand for used vans among fleet operators is leading to a recovery in the used van sector, according to an expert.
New figures from British Car Auctions (BCA) have revealed that the average price of a used light commercial vehicle in December 2009 was £4,008, having stood at just under £3,000 a year earlier.
According to the body, this increase has been driven by the increasing keenness of firms to expand their fleets with used vehicles, which is leading to competition for commercial stock.
Duncan Ward, BCA's general manager for commercial vehicles, particularly cited Christmas as a driver of this increase, as delivery firms looked to increase their capacity ahead of the busy period.
This comes after David Scarborough, national sales director for vehicle seller Aston Barclay, earlier this month stated that demand for used vans is now exceeding supply.
He said: "Companies are predicting a slight change of fortune in the 2010 economy, so many are gearing up their transport needs accordingly."
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