{"id":9857,"date":"2017-05-15T16:09:22","date_gmt":"2017-05-15T16:09:22","guid":{"rendered":"https:\/\/www.vanrental.co.uk\/vanblog\/?p=9857"},"modified":"2017-05-15T16:09:22","modified_gmt":"2017-05-15T16:09:22","slug":"used-van-prices-fall-as-fewer-ex-hire-vans-reach-market","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/9857","title":{"rendered":"Used van prices fall as fewer ex-hire vans reach market"},"content":{"rendered":"
\"BCA

Vans being auctioned at BCA Blackbushe<\/p><\/div>\n

The average price of a used van fell by 1.4% to \u00a36,431 in April, according to the latest figures from\u00a0auction group BCA.<\/p>\n

It’s\u00a0the second consecutive month<\/a> of declines, a trend BCA says is caused by a reduction in the number of late-plate ex-hire vans\u00a0reaching the market.\u00a0Despite this, prices are still ahead by \u00a3465, or 7.9%, on a year-on-year basis.<\/p>\n

One factor supporting prices is probably the continuing reduction in average age and mileage — used vans are getting newer as\u00a0fleet replacement cycles\u00a0contract and return to normal:<\/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
Apr 2016<\/strong><\/td>\n54.05<\/td>\n73,758<\/td>\n\u00a35,966<\/td>\n<\/tr>\n
Apr 2017<\/strong><\/td>\n50.89<\/td>\n67,196<\/td>\n\u00a36,431<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: BCA<\/em><\/p>\n

According to BCA, ex-fleet and lease prices\u00a0remained flat in April, while dealer part-exchange prices (older vans) fell.<\/p>\n

Duncan Ward, BCA’s LCV Operations Director, says\u00a0that overall demand remains healthy:<\/p>\n

\u201cThe market dipped slightly in the post-Easter period but overall demand has held up well, particularly when considering external factors such as the snap election, which might have introduced some uncertainty.<\/p>\n

“The model mix is starting to change as we are seeing rental volumes easing for the first time this year, while 4×4 double cab volumes continue to rise.\u00a0 The latter sector has seen some price pressure in recent weeks as a result of these increased volumes and the price guides have not always reflected this.\u201d<\/p><\/blockquote>\n

My view is that the used van market\u00a0has\u00a0largely been flat-lining this year.\u00a0That’s not surprising, given the keen financing offers available on new vans<\/a>, and the\u00a0beginnings of a slowdown<\/a> in new\u00a0van registration rates.<\/p>\n","protected":false},"excerpt":{"rendered":"

Used van prices edged lower in April as fewer nearly-new ex-rental vans came to the market, according to auctioneer BCA.<\/p>\n","protected":false},"author":2,"featured_media":9858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[624,1885,1740],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9857"}],"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=9857"}],"version-history":[{"count":2,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9857\/revisions"}],"predecessor-version":[{"id":9860,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9857\/revisions\/9860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media\/9858"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=9857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=9857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=9857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}