{"id":9893,"date":"2017-06-12T15:06:44","date_gmt":"2017-06-12T15:06:44","guid":{"rendered":"https:\/\/www.vanrental.co.uk\/vanblog\/?p=9893"},"modified":"2017-06-12T15:06:44","modified_gmt":"2017-06-12T15:06:44","slug":"used-van-prices-rise-as-ex-rental-stock-drives-down-average-age","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/9893","title":{"rendered":"Used van prices rise as ex-rental stock drives down average age"},"content":{"rendered":"

\"BCA<\/p>\n

I read somewhere<\/a> the other day that 50% of used cars resold at 6-18 months old are ex-rental models. I’m not sure if the same statistics apply to the used van market, but what is clear is that the van rental sector has a big influence on the average age, mileage — and price — of used vans going through auction.<\/p>\n

Auction group BCA released its used van sales report last week. BCA says that the average used van price in May was \u00a36,452, up marginally from \u00a36,431 in April. The average price was 9.5% higher than in May 2016, but as this table shows, both average and and mileage have fallen significantly over the last year:<\/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
May 2016<\/strong><\/td>\n54.42<\/td>\n71,121<\/td>\n\u00a35,892<\/td>\n<\/tr>\n
May 2017<\/strong><\/td>\n50.28<\/td>\n66,291<\/td>\n\u00a36,452<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

The firm says that the decline in average age and mileage is\u00a0“largely as a result of the influx of younger rental stock over recent months”<\/em>.<\/p>\n

However, Duncan Ward, BCA’s LCV Operations Director, says that rental volumes are easing and described May as a\u00a0“fragmented<\/em>” and\u00a0“patchy”<\/em> month:<\/p>\n

\u201cBuyer demand was patchy during May as professional buyers had a choice from a wide selection of stock and inevitably cherry-picked the best presented and most desirable vehicles.\u00a0 The Bank Holidays and half-term were additional distractions that fragmented demand during the month.\u201d<\/p><\/blockquote>\n

This doesn’t sound especially positive to me. It will be interesting to see whether a more settled June follows. If buyer demand remains patchy, average prices could soon start to weaken if volumes remain high.<\/p>\n","protected":false},"excerpt":{"rendered":"

Buyer demand for used vans was “patchy” in May, according to auction group BCA.<\/p>\n","protected":false},"author":2,"featured_media":9895,"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\/9893"}],"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=9893"}],"version-history":[{"count":3,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9893\/revisions"}],"predecessor-version":[{"id":9897,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/9893\/revisions\/9897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media\/9895"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=9893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=9893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=9893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}