{"id":8600,"date":"2016-04-11T15:44:30","date_gmt":"2016-04-11T15:44:30","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=8600"},"modified":"2016-04-11T15:44:30","modified_gmt":"2016-04-11T15:44:30","slug":"used-van-prices-rise-in-march-as-average-age-falls","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/8600","title":{"rendered":"Used van prices rise in March as average age falls"},"content":{"rendered":"

The average price of a used van sold at auction by BCA rose to \u00a35,879 in March. That’s 4.6% higher than\u00a0one year ago and the second-highest average price on record.<\/p>\n

\"Vans<\/p>\n

But used vans aren’t\u00a0just getting more expensive. They’re getting newer, too. The average age\u00a0of the used vans sold by BCA in March was 55.5 months, down from 58.2 months in March 2015.<\/p>\n\n\n\n\n\n
All vans<\/strong><\/td>\nAvg Age (mnths)<\/strong><\/td>\nAvg Mileage<\/strong><\/td>\nAvg Value<\/strong><\/td>\n<\/tr>\n
Mar 2015<\/strong><\/td>\n58.21<\/td>\n76,215<\/td>\n\u00a35,616<\/td>\n<\/tr>\n
Mar 2016<\/strong><\/td>\n55.50<\/td>\n73,838<\/td>\n\u00a35,879<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Average mileage fell by a similar degree, from 76,215 at this point last year to 73,838 in March 2016. Used buyers\u00a0will expect to pay\u00a0more for newer vans, so I’d argue that this change means van pricing is relatively\u00a0flat.<\/p>\n

 <\/p>\n

What\u00a0does appear to be happening is that the average age of\u00a0used vans entering the market through auctions if falling.\u00a0This is presumably a reflection of\u00a0the steady rise in new van registrations<\/a> over the last few years.<\/p>\n

Commenting on\u00a0the latest figures from BCA, the firm’s LCV Operations Director, Duncan Ward, said:<\/p>\n

\u201cEven with the disrupting effect of the Easter break, demand for light vans remained strong in March with trade buyers competing strongly for the best-presented stock. Values remain exceptionally strong and well ahead of where they were a year ago, despite the poor condition of some vehicles reaching the used sector.\u201d<\/p><\/blockquote>\n

The fleet and lease sector recorded average values of \u00a36,726 in March, an increase of \u00a3101 (1.5%) compared\u00a0to February and the highest monthly value recorded since 2014. Retained value against MRP (Manufacturer\u00a0Recommended Price) improved to 34.44%. Year-on-year, values were up by \u00a3117 (1.7%), although\u00a0performance against MRP was down slightly.<\/p>\n

All in all, a healthy market, with no real signs of weakness at the moment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Used van prices rose to the second-highest level on record in March, but with average age and mileage falling steadily, it seems that the market is broadly flat at the moment.<\/p>\n","protected":false},"author":2,"featured_media":8601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[624,1885,13],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/8600"}],"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=8600"}],"version-history":[{"count":1,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/8600\/revisions"}],"predecessor-version":[{"id":8602,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/8600\/revisions\/8602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media\/8601"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=8600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=8600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=8600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}