Used vans see rise in value

09 April 2013

 

 
The value of used vans have risen once again throughout March, according to new research published by British Car Auctions (BCA).

Officials from the organisation noted that the average figures for the past month stood at £4,860 for all light commercial vehicles (LCV) representing the highest on record since the BCA began reporting on these figures in 2005.

In terms of year-on-year statistics, values grew by 14.9 per cent but at the same time the average age of these vehicles increased slightly to 58.8 months with mileage also jumping to 80,800 miles.

Duncan Ward, from the BCA, said: “Values remained strong in the run-up to Easter, as the combination of limited supply and good levels of demand in the remarketing sector saw prices rise for corporate stock and older dealer part-exchange vans.”

March marked a record set for fleet and lease and dealer part-exchange vans giving owners great confidence to get a good price when selling their vehicle.

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Used vans see rise in value