Average van values bounce back in September, says BCA Pulse
08 October 2015
Author: Daniel Puddicombe
The average value of a van sold at auction increased by £100 in September following two months of decline, according to the monthly BCA Pulse report.
The remarketing giant said that it represents a 1.8% uplift compared to August, while year-on-year values were ahead by £47 (0.8%), with the average van in 2015 carrying 5000 fewer miles on its odometer compared to 2014.
The fleet and lease sector recorded average values of £6416 in September, an increase of £228 (3.6%) compared to August's figures, while year-on-year prices are down by £134.
Part-exchange LCV values increased slightly - by £32 (0.8%) to £3842 - while year-on-year values were ahead £264 or 7.3%.
Meanwhile, nearly-new LCV values increased by £707 (5.2%), however BCA did say this increase was down to a very low number of vehicles reaching the market and the model mix factor.
"We are now seeing the return of more typical market conditions with balanced supply and demand and elements of seasonality taking effect. The market was strong in September with average values increasing across the board and good levels of demand from buyers for well presented, good quality commercial vehicles," said Duncan Ward, BCA's LCV operations director.
He added: "However, we continue to see a large number of vehicles in poor condition and this has a significant impact on price and conversion rates. The difference in average value between a condition 5 and a condition 4 van is several hundred pounds."