{"id":9196,"date":"2016-08-22T16:12:46","date_gmt":"2016-08-22T16:12:46","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=9196"},"modified":"2016-08-22T16:13:25","modified_gmt":"2016-08-22T16:13:25","slug":"used-van-prices-creep-higher-in-july","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/9196","title":{"rendered":"Used van prices creep higher in July"},"content":{"rendered":"

Used vehicle auctioneer BCA says that\u00a0the average price achieved by vans in its salerooms rose by \u00a323 to \u00a35,931 in\u00a0July, compared to June’s results<\/a>.<\/p>\n

\"BCA

Used van auction. Copyright BCA<\/p><\/div>\n

This kind of small, monthly\u00a0change is insignificant, in my view. What’s more interesting is that the\u00a0average sale price was\u00a0\u00a3387 (6.9%) higher than one year ago. This suggests either that buyers are paying more for the same vans or\u00a0that they are buying bigger, better or newer vans.<\/p>\n

The answer appears to be that the vans are newer.\u00a0The average age of vans sold by BCA has fallen by\u00a03.1 months since last July, while the average mileage has fallen from 76,182 to 69,632. Duncan Ward, BCA’s head of commercial vehicles, confirms that this is mainly as a result of younger stock flowing into the firm’s salerooms:<\/p>\n

“Volumes have\u00a0risen in the wholesale markets with continuing questions over poor condition stock and while average selling\u00a0price appears to be holding up, this is largely due to the influence of a younger, lower mileage profile of\u00a0vehicles currently reaching the market.<\/p>\n

Buyers have more choice now than they have experienced at any\u00a0time this year and are understandably focusing on the best presented vehicles.\u201d<\/p><\/blockquote>\n

Sounding every so slightly like a stuck record, Mr Ward\u00a0went on to emphasise that\u00a0“it is vital for sellers to prepare their vehicles and appraise them in line with market sentiment”<\/em>. It’s a reiteration of a warning Mr Ward has been sounding for some months now. Strong new sales<\/a> over the last couple of years means have led to an improved supply<\/a> of good quality used vans. In turn, this means that battered old\u00a0vehicles will only sell if they’re\u00a0cheap.<\/p>\n

For August,\u00a0Duncan Ward expects to see\u00a0“some pressure on average values”<\/em> ahead of\u00a0the new registration plate in September. Volumes remain strong but with condition critical, the average could be pushed down by\u00a0poorly-presented\u00a0vans.<\/p>\n","protected":false},"excerpt":{"rendered":"

Used van prices were broadly unchanged in July versus June, but were 6.90% higher than during July 2015. We have the latest used van price data from auctioneers BCA.<\/p>\n","protected":false},"author":2,"featured_media":9197,"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\/9196"}],"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=9196"}],"version-history":[{"count":1,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9196\/revisions"}],"predecessor-version":[{"id":9198,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9196\/revisions\/9198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media\/9197"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=9196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=9196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=9196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}