{"id":9078,"date":"2016-07-12T14:48:59","date_gmt":"2016-07-12T14:48:59","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=9078"},"modified":"2016-07-12T14:48:59","modified_gmt":"2016-07-12T14:48:59","slug":"van-values-edge-higher-at-auction-in-june-as-newer-stock-comes-through","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/9078","title":{"rendered":"Van values edge higher at auction in June as newer stock comes through"},"content":{"rendered":"

Auction sale prices for used van\u00a0rose to an average of \u00a35,908 in June, according to the latest figures from remarketing specialist BCA.<\/p>\n

\"BCA<\/p>\n

Although June’s average was only \u00a316 higher than in May, it was a\u00a0\u00a3321 (5.7%) higher than during June last year.\u00a0However, a closer look at the figures shows that the increase in price is\u00a0the result of\u00a0younger, lower-mileage stock flowing\u00a0coming off fleets and into BCA’s auction\u00a0halls.<\/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
June 2015<\/strong><\/td>\n56.74<\/td>\n75,873<\/td>\n\u00a35,587<\/td>\n<\/tr>\n
June 2016<\/strong><\/td>\n53.27<\/td>\n69,618<\/td>\n\u00a35,908<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Data courtesy of BCA<\/em><\/p>\n

\"BCA

BCA’s LCV Operations Director, Duncan Ward<\/p><\/div>\n

Vans sold in June 2016 were on average 3.5 months\u00a0newer and\u00a0had\u00a06,255 miles fewer on the clock.\u00a0BCA’s\u00a0Head of\u00a0Commercial Vehicles,\u00a0Duncan Ward, confirmed this view:<\/p>\n

\u201cHistory shows us that the commercial vehicle market typically slows over the summer months and we would expect to see some pressure on average values between now and the new registration plate in September. \u00a0While average selling price appears to be holding up, this is largely due to the influence of a younger, lower mileage profile of vehicles currently reaching the market.\u201d<\/p><\/blockquote>\n

One way of judging whether prices are rising or falling in real terms is to compare sale prices with\u00a0manufacturers’ recommended prices (MRP, or list prices).\u00a0Helpfully, BCA provides this information.<\/p>\n

As you can see below, in the fleet and lease sector, which accounts for the majority of volume, the Sale vs MRP is virutally unchanged on one year ago.\u00a0This suggests to me that prices are flat-lining, with reduced age and mileage being balanced by higher sale prices:<\/p>\n\n\n\n\n\n
Fleet\/Lease<\/strong><\/td>\nAvg Age (mnths)<\/strong><\/td>\nAvg Mileage<\/strong><\/td>\nAvg Value<\/strong><\/td>\nSale vs MRP<\/strong><\/td>\n<\/tr>\n
June 2015<\/strong><\/td>\n42.18<\/td>\n68,189<\/td>\n\u00a36,399<\/td>\n35.21%<\/td>\n<\/tr>\n
June 2016<\/strong><\/td>\n40.00<\/td>\n61,089<\/td>\n\u00a36,754<\/td>\n35.11%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Data\u00a0courtesy of BCA<\/em><\/p>\n

A constant feature in BCA’s monthly sales reports is a reminder of the importance of condition.\u00a0Duncan Ward says this is becoming an ever-increasing issue as buyers become more selective and benefit from a greater choice of good quality stock:<\/p>\n

\u201cAs buyers get more selective and focus on the best presented vehicles, the increasing volumes of poor condition, low specification vans are impacting conversion rates.\u00a0 This less desirable stock, typically in corporate colours, needs to be competitively valued if it is to sell first time.\u201d<\/p><\/blockquote>\n

June’s\u00a0figures from BCA suggest that the van market is in a fairly good place at the moment.\u00a0Long-running growth in new van registrations has had the predictable effect of\u00a0pulling back\u00a0used prices from the record levels seen\u00a0in 2013 and 2014.<\/p>\n

So far, there\u00a0doesn’t seem to be any sign that Brexit fears are changing\u00a0van buyers’\u00a0purchasing plans — new van registrations hit a\u00a0record\u00a0during the first half of the year<\/a>, according to recent SMMT data.<\/p>\n","protected":false},"excerpt":{"rendered":"

Auction sale prices for used vans edged higher in June, according to the latest figures from remarketing giant BCA.<\/p>\n","protected":false},"author":2,"featured_media":9079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[624,1885],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9078"}],"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=9078"}],"version-history":[{"count":2,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9078\/revisions"}],"predecessor-version":[{"id":9081,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9078\/revisions\/9081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media\/9079"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=9078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=9078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=9078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}