Used van values hit monthly high in December 2014, says BCA
09 January 2015
Author: Daniel Puddicombe
The average value of vans sold at BCA auctions reached £5870 - the highest monthly value on record in December 2014, according to the latest BCA Pulse report.
Year-on-year, values increased by £559 (10.5%) compared to December 2013, with age and mileage falling.
Values for fleet and lease LCVs also averaged £6859 in December - the second highest monthly value on record and an increase of £279 (4.2%) over November's value.
The remarketing giant said the pattern would be maintained this year while stock remains in short supply. BCA said rapid growth in the parcel and courier sector would keep values for panel vans at a high.
"Professional buyers and end users alike competed strongly for the best quality stock on offer, with values for the best presented vans typically outstripping price guide expectations by some margin. For the third month running, year-on-year values across the board were up by around 10% as the relative shortage of retail quality LCVs continues," said Duncan Ward, head of commercial vehicles.