Prices for second hand vans continued to rise in September, according to British Car Auctions. Following strong demand in the LCV sector during August, the average value of commercial vehicles at BCA sales in September rose to £3,862.
According to BCA’s latest Pulse report, average used LCV values across the board improved in September by £117 – over 3 per cent – month on month. Values are now on a par with the peak of £3,868 recorded in January 2008. Year-on-year values are ahead by £672.
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.”