{"id":3037,"date":"2012-03-09T06:38:28","date_gmt":"2012-03-09T06:38:28","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=3037"},"modified":"2012-03-08T19:52:56","modified_gmt":"2012-03-08T19:52:56","slug":"used-van-prices-fall-in-january","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/3037","title":{"rendered":"Used Van Prices Fall In January"},"content":{"rendered":"

\"BCAUsed LCV values fell by \u00a3211 in February to \u00a34,272 according to BCA\u2019s<\/a> latest figures, a 4.7% drop from the 20-month high recorded in January.<\/p>\n

BCA\u2019s Pulse data shows average LCV values fell in all three sectors of fleet\/lease, dealer part-exchange and nearly-new thanks to a combination of softer demand and changing model mix as supply pressures continued.<\/p>\n

The February average figure of \u00a34,272 was the lowest recorded in the past six months and performance against Guide Prices fell by one and three-quarter points to 98.23%.<\/p>\n

\"BCA<\/p>\n

However, year-on-year, February 2012 was \u00a3126 ahead of the same month in 2011, equivalent to a 3% improvement – despite the average age and mileage rising by four months and over 6,000 miles respectively in the same period.<\/p>\n

Duncan Ward, BCA’s General Manager – Commercial Vehicles said:<\/p>\n

\u201cHowever, values remain at a much higher level than they were a year ago, despite both mileage and age rising by around 8% in that time.\u00a0 This is in line with our expectations \u2013 shared by Professor Peter Cooke at the Centre for Automotive Management, Buckingham University – that the market will continue to experience a relative shortage of units under five-years old in the short- to medium-term.\u00a0\u00a0 As a result of the lower new van sales since 2008 and the trend for larger businesses to hold on to vans for longer, it may become increasingly difficult to source good quality used LCV stock and this means values are likely to remain reasonably firm as a result.\u201d<\/p><\/blockquote>\n

As I discussed in Wednesday’s post about new van registrations<\/a>, it seems that the market for vans is taking longer to recover than for trucks.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest commercial vehicle auction prices from BCA show that used van values fell in February but remained higher than in February 2011 – despite older, higher mileage stock.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[1387,624,622],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/3037"}],"collection":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/comments?post=3037"}],"version-history":[{"count":2,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/3037\/revisions"}],"predecessor-version":[{"id":3041,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/3037\/revisions\/3041"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=3037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=3037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=3037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}