Vehicle auction company British Car Auctions reckons now could be a good time for companies to buy replacement light commercials.
The company has reported that “price rises are slowing down”, with average values in the used van market reaching a plateau at around £3,500 as June values fell back to £3,468 from the £3,595 recorded in May.
While values remain well ahead of the low point of £2,772 recorded last December, BCA says prices may be stabilising and that the summer months could be a good time to buy for companies that have so far held back on buying replacements.
BCA’s general manager – commercial vehicles, said: “Historically, the summer months record weakened demand for commercial vehicles with values ticking over until September when the market usually improves markedly. So this really could be a good time for SMEs to sort out any replacement vehicles they might need.”