BCA Pulse: Van Prices are Still on the Rise in the Month Of April

BCA Pulse: Van Prices are Still on the Rise in the Month Of April

In the latest figures latest released in the BCA Pulse Report, it was revealed that in the month of April the used van market hit a new high in monthly values. During April, used LCV’s were valued at £4,693; this was a gain of £193 (4.2 per cent) in comparison to March’s numbers.

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April’s figures reflected strong price performance across all sectors, with CAP figures being an average of 101.58 per cent, even though they have experienced little downward pressure from the previous month. The figures for all of the major sectors were as follows; fleet and lease (100.93 per cent), nearly new (103.69 per cent), and the dealer part-exchange sector (104.40 per cent).

The values for vans have been on the rise for nine of the previous ten months, and record number values have been set for six consecutive months. In the fleet and lease van sector, the average value for vans has been in excess of £5,000 for three months in a row having hit that number for the first time during the month of February.

Duncan Ward of BCA related that even though we are going through a time when one could typically expect van prices to stall out, values keep marching on. Ward pointed out that a good demand level together with a small supply of stock at nearly every price point means a lot of competition for each van that we sell.

Article By alex

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