{"id":3981,"date":"2012-11-07T16:45:43","date_gmt":"2012-11-07T16:45:43","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=3981"},"modified":"2012-11-07T16:49:48","modified_gmt":"2012-11-07T16:49:48","slug":"stock-shortages-push-used-van-values-higher","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/3981","title":{"rendered":"Stock Shortages Push Used Van Values Higher"},"content":{"rendered":"

\"BCAStock shortages mean that used vans keep on getting more expensive — despite rising age and mileage.<\/strong><\/p>\n

According to BCA\u2019s <\/a>latest Pulse Report, average used LCV values improved in October by \u00a3223 (5.2%) to \u00a34,447, with year-on-year figures ahead by \u00a3144 or 3.3%.\u00a0 Average age fell slightly to just under 58 months while average mileage increased to nearly 79,000. \u00a0\u00a0Price performance was strong across the board, with average values reaching record levels in the fleet\/lease sector.<\/p>\n

Performance against CAP average improved over the month by a point to 101.8%, although it’s worth pointing out that this is nearly 2% less than at the same time last year, suggesting a slight weakening in demand (or improvement in supply).<\/p>\n

Year-on-year, October 2012 was \u00a3146 (3.4%) ahead of the same month in 2011, with both average age and average mileage increasing over the period:<\/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
Oct 2011<\/td>\n56.74<\/td>\n77,382<\/td>\n\u00a34,301<\/td>\n103.57%<\/td>\n<\/tr>\n
Oct 2012<\/td>\n58.42<\/td>\n79,452<\/td>\n\u00a34,447<\/td>\n101.87%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
\n

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

“October has been a relatively strong month for LCV sales and average values improved compared to September.\u00a0\u00a0 Real and \u2018virtual\u2019 footfall at LCV sales has increased significantly and the on-going shortage of retail quality stock is keeping values very firm indeed.\u201d<\/p><\/blockquote>\n

As this graph shows, used van values have remained firm and drifted gradually higher since 2010:<\/p>\n

\"Average

Average used LCV values 2010-2012 (Oct 2012, courtesy of BCA)<\/p><\/div>\n

Duncan Ward was keen to emphasis that as ever, quality vehicles attract a strong premium and pretty much fly off the shelves:<\/p>\n

\u201cAny vehicle in clean condition will attract the buyers\u2019 attention, including older, higher mileage vehicles if they are well presented.\u00a0 As a direct consequence, values continue to rise for dealer P\/X stock, where average CAP performance is actually higher than the corporate sector. Buyers will compete strongly for any vehicle with an unusual specification or modification such as crew cab vans, cherry pickers, tippers and dropsides and we are now seeing the upswing in demand for LWB panel vans<\/a>, Lutons<\/a> and fridge vans ahead of the Christmas period.\u201d<\/p><\/blockquote>\n

Considering that new van registrations continue to fall<\/a> and are far below the levels seen in 2007, strong demand for used models looks set to remain firm, which means we will all have to keep on paying more for older, higher-mileage vans!<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Average used van values at auction rose again in October 2012, with short supply keeping demand firm, according to the latest data from auctioneers BCA.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[624,1173,622,623],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/3981"}],"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=3981"}],"version-history":[{"count":4,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/3981\/revisions"}],"predecessor-version":[{"id":3986,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/3981\/revisions\/3986"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=3981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=3981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=3981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}