Light commercials, VWs and off-roaders up in used market
29 November 2013
Used commercial vehicles are increasing in value, particularly ex-fleet and leasing sector models, according to auction giant BCA. The firm claimed good-quality vehicles from large corporate fleets were proving particularly popular.
General manager for commercial vehicles, Duncan Ward, said: "Commercial vehicles entered for sale by company fleets and corporate operators are highly prized because they often come with a comprehensive service history and just one owner's name in the log book.
"Professional buyers who typically buy corporate vans at auction are finding they have to bid harder and higher to secure the same stock, and this trend is set to continue over the coming months."
BCA said ex-fleet and lease vans were up 1.7% (£110) month-on-month and 25.3% year-on-year (£1317), and had contributed to record prices for ex-business stock for the third month running.
Elsewhere in the used car market, the Volkswagen Golf and Passat are fetching strong prices according to Gavin Amos, head of valuation services at CDL, as is the Range Rover Evoque. He added that 4x4s were also on the up and that second-hand hybrids were not selling well.