BCA van auction

Used van prices slip lower as buyers opt for new models

BCA van auctionThe average sale price of used vans at auction fell by 0.7% to £5,544 in July, according to BCA auctions.

Weaker prices were the results of tempting deals on new vans and ample supply, coupled with a mix of poorer-quality used stock, according to Duncan Ward, who is BCA’s Head of Commercial Vehicles:

“Not only have volumes risen in the wholesale markets with some questions over poor condition stock, the new van market is very buoyant and there are some very tempting deals about.  Buyers have more choice now than they have experienced at any time this year and are understandably focussing on the best presented vehicles.”

The graph below shows how after peaking last year, used van prices have stagnated in the face of booming new van registrations:

BCA used LCV sale prices June 2013 - July 2015

BCA used LCV sale prices June 2013 – July 2015 (courtesy of BCA)

The most signficant change in Juyly was seen in the ex-fleet and lease sector, where the average LCV sale price fell by 2.6% to £6,280, despite slightly lower average mileage.

It’s buyers of these vans who are most likely to be tempted by attractive deals on new vans:

As I’d expect, average sale prices for cheaper part-exchange vans were broadly flat, at £3,723. Buyers of these vans are less likely to consider new vans as an alternative to buying used.

 

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