Seasonality ‘to blame for van market slowdown’


Slowing second-hand van sales over the summer are not enough to indicate that the light commercial vehicle market has peaked, it has been claimed.

According to British Car Auctions, there is a significant element of seasonality in the market and sales typically slow down at different points of the year – regardless of recession or booming economic times.

It has therefore claimed the fact that van values fell back by about £100 from May to June should not be held as evidence that the market has hit a plateau.

BCA’s general manager of commercial vehicles commented: “With many used vans going back to work with [small to medium-sized enterprises] this makes perfect sense – a small family-run business or self-employed trader needs a holiday just like the rest of us do.”

He explained that if a replacement van is needed it can probably wait until after the holidays.

The organisation recently claimed that the second-hand sector as a whole is doing well, compared with sales and values at its low point last December.

Visit ChoiceQuote for the best van insurance quote
ADNFCR-1036-ID-19269292-ADNFCR