{"id":5662,"date":"2013-12-10T17:27:03","date_gmt":"2013-12-10T17:27:03","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=5662"},"modified":"2013-12-10T17:27:37","modified_gmt":"2013-12-10T17:27:37","slug":"november-sales-leave-used-van-prices-up-20-2-in-12-months","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/5662","title":{"rendered":"November Sales Leave Used Van Prices Up 20.2% In 12 Months"},"content":{"rendered":"

I’ve documented the inflation-beating rise of used van prices regularly over the last twelve months<\/a>, courtesy of monthly figures from vehicle auctioneers BCA.<\/p>\n

Used van prices paused for breath in November, according to BCA’s lates figures, leaving them 20.2% higher than they were in November 2012:<\/p>\n\n\n\n\n\n
All vans<\/strong><\/td>\nAvg Age (mnths)<\/strong><\/td>\nAvg Mileage<\/strong><\/td>\nAvg Value<\/strong><\/td>\nSale vs CAP<\/strong><\/td>\n<\/tr>\n
Nov 2012<\/td>\n59.74<\/td>\n81,408<\/td>\n\u00a34,250<\/td>\n99.98%<\/td>\n<\/tr>\n
Nov 2013<\/strong><\/td>\n60.95<\/td>\n81,951<\/td>\n\u00a35,109<\/td>\n103.42%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Data courtesy of BCA (www.british-car-auctions.co.uk<\/a>)<\/em><\/p>\n

Average values for light commercial vehicles declined by \u00a342 (0.8%) in November, largely as a result of a change in model mix as dealer part-exchange volumes increased during the month, increasing the flow of older, lower-priced models into the auction stream (a possible consequence of the recent rise in new van sales<\/a>).<\/p>\n

The average used van price was \u00a35,109 in November, the third-highest value on record and the fourth consecutive month in which values have stayed above \u00a35,000. A year-on-year increase in value of \u00a3859 means that used van price at auction have risen by 20.2% over the last twelve months, helping realised prices stay well above CAP value, at 103.4% of book price.<\/p>\n

Duncan Ward, BCA’s General Manager, is confident that the upwards march will resume<\/a> in December or early next year, and said:<\/p>\n

While there was a small dip in the headline value in November, this was as a result of a subtle change in model mix rather than any fall in demand.\u00a0 With fleet\/lease LCVs in such short supply, relatively greater numbers of dealer part-exchange vehicles were sold and these are typically older, higher mileage and a lower average value.<\/p><\/blockquote>\n

Ward pointed out that corporate (ex-fleet) vans, which are most sought-after by used dealers, have risen in value by around 30% over the last year, thanks to a sustained shortage of supply:<\/p>\n

Professional buyers who typically bid on corporate vans at auction are finding it harder to source these vehicles and have to pay more to secure the best retail-ready examples. November saw corporate stock rise significantly and we expect that to be maintained in December as the shorter trading month means there are fewer opportunities to buy.<\/p><\/blockquote>\n

Despite the decline in average used values, ex-fleet and lease vans proved continued to rise in value last month, gaining 4.6% to an average of \u00a36,820. With fleet and rental companies taking the balance sheet strain<\/a> away from would-be new van buyers, this trend may continue for sometime yet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Average used van values at auction paused for breath last month, but there was a still a big rise in the average price of ex-fleet and lease vans, as used van dealers battled for new 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":[624,1740],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/5662"}],"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=5662"}],"version-history":[{"count":2,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/5662\/revisions"}],"predecessor-version":[{"id":5664,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/5662\/revisions\/5664"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=5662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=5662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=5662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}