Saturday, October 10 2009
The average LCV values have seemed to reach a stable level. For the fifth month in a row the values have been stable. The latest information that BCA has provided reports that average values of vans in the used van market have leveled off at the £3,500 mark.
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While it is true that the month of July saw a rise in values of close to £100 to hit the £3,566 mark for a 2.8% gain above June’s figures; for the most part values have mostly static for the previous five months.
Duncan Ward, General Manager of BCA, commented that the values are way above of the low point of last December, which was £2,772, but well below last year’s market peak of £3,868 in January 2008. Ward also added that year-on-year values are ahead by approximately £250.
The BCA also reports that performance against Cap is slowly moving back towards the 100% highpoint that was reported back in March, and at the present time is at 98.42%.
Have van values stalled out, before they fall? Or are van values taking a breather before they rise up to new levels? Considering a global economy that has been struggling as of lately, lets hope that van values have just taken a break and are on their way to higher levels.