Monday, October 19, 2009
Used van prices continue to rise in September
January 2008 peak
Values are now on a par with the peak of £3,868 recorded in January 2008 while year-on-year values are ahead by £672.
Once again average values for fleet & lease and dealer part-exchange vans rose, and although values for nearly-new vans slipped by £227, this appears to have been driven by model mix.
Average fleet and lease van values improved by £180 against August - up by 4.4 per cent, following a 5.2 per cent rise the previous month.
Part-exchange stock
Dealer-entered part-exchange stock rose by £193 to £2,486, an increase of 8.4 per cent, following rises of 7.5 per cent and 9 per cent in the two previous months.
According to BCA, the sector is benefiting from the shortage of good quality stock available from fleet and lease sources.
Nearly-new values fell to £8,807 in September - a fall of £227 - following an increase of over £1,000 in August. With supply relatively limited, model mix has a greater effect here than in other sectors.
Duncan Ward, BCA's General Manager Commercial Vehicles said: "With supplies of good retail quality vans remaining limited in September, prices remained very firm indeed."
"However, if supplies begin to increase significantly from corporate and dealer sources we could be seeing the current peak of market values - and it could be that values settle a little between now and Christmas."
DATED: 19.10.09
FEED: MT
