{"id":3399,"date":"2012-06-09T15:49:04","date_gmt":"2012-06-09T15:49:04","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=3399"},"modified":"2012-06-09T15:49:04","modified_gmt":"2012-06-09T15:49:04","slug":"used-van-values-climb-but-only-just","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/3399","title":{"rendered":"Used Van Values Climb – But Only Just"},"content":{"rendered":"

The latest used van auction sale figures from BCA<\/a>, the UK’s largest vehicle auctioneer, show that used van values were higher in May 2012 than May 2011 — but only just.<\/p>\n

Used LCV values improved across the board for the second month running in May, rising by \u00a399 (2.3%) compared to April to reach \u00a34,370.\u00a0 Average age and mileage fell slightly month on month, while CAP performance declined by nearly a point to 98.19%.\u00a0 There was a marginal increase in fleet & lease values, while part-exchange values reached record levels.<\/p>\n

Year-on-year, May 2012 was \u00a3152 (3.6%) ahead of the same month in 2011, despite the average age climbing by six months and average mileage increasing by 6,300 to 77,000.\u00a0 Performance against CAP also improved year-on-year, up by more than two points.<\/p>\n

Year-on-year figures, all sizes of vans<\/a>:<\/p>\n

\n\n\n\n\n\n
All vans<\/strong><\/td>\nAvg Age<\/strong><\/td>\nAvg Mileage<\/strong><\/td>\nAvg Value<\/strong><\/td>\nSale vs CAP<\/strong><\/td>\n<\/tr>\n
May 2011<\/strong><\/td>\n50.78<\/td>\n70,977<\/td>\n\u00a34,218<\/td>\n96.00%<\/td>\n<\/tr>\n
May 2012<\/strong><\/td>\n56.82<\/td>\n77,334<\/td>\n\u00a34,370<\/td>\n98.19%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
\"BCA<\/div>\n
Graph courtesy of BCA<\/em><\/div>\n
\n

Average values have been relatively higher since last September and reached a 20-month high in January.\u00a0\u00a0 May saw values rise in all three sectors – fleet\/lease, dealer part-exchange and nearly new \u2013 but supply and demand remains finely balanced.<\/p>\n

Duncan Ward BCA\u2019s General Manager \u2013 Commercial Vehicles commented:<\/p>\n

“There is steady demand for the best examples in the wholesale arena, but sellers need to be aware that buyer confidence is quite fragile despite the relative shortage of stock.\u00a0 Buyers are sensitive to mileage and condition, and excessive mileage or damage will significantly impact the price performance.<\/p>\n

The best prices are paid for vans in good colours with a high specification and any rare or unusual vehicles will generate the most attention.\u00a0 Sellers also need to manage the supply of similar makes and models, because it can have a direct impact on price performance \u2013 even for attractive retail-quality vans.\u201d<\/p><\/blockquote>\n

Ward added:<\/p>\n

\u201cNow is the time for volume sellers to really get back to basics and ensure their vans are given the best opportunity to sell the first time they are offered.\u00a0 This means full documentation and service histories for vehicles being sold, pre-sale preparation and presentation, valuing stock in line with market sentiment and effective sale day representation to make swift decisions on provisional sales.\u00a0 Make it an easy choice for buyers to purchase your vans!\u201d<\/p><\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Used van values are inching up but buyer confidence is low, to judge from the small scale of the price increases.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[624,1173,626,622,623],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/3399"}],"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=3399"}],"version-history":[{"count":2,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/3399\/revisions"}],"predecessor-version":[{"id":3402,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/3399\/revisions\/3402"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=3399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=3399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=3399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}