Used van prices reached a new record at the end of May as the market showed signs of volumes increasing alongside new vehicle supply improving, according to Aston Barclay.
Wholesale prices for used LCVs averaged £9,851 at BCA in February 2023, with sustained buyer demand keeping values firm as the strong start to the year continued.
Used LCV prices increased in November, as demand grew steadily for vehicles to service the online shopping and home delivery sector in the run-up to Christmas.
Prices for used LCVs at auction have slipped below guide estimates as greater levels of stock enter the market.
Used van values continue to climb, with average prices passing the £10,000 mark for the first time in July, according to the latest data from BCA.
The average selling price of a used van has remained above £10,000 for the second consecutive month, at Manheim auctions.
Soaring demand for vans after COVID-19 triggered a home delivery shopping culture across the UK triggered a 20.8% rise in used values during Q2, according to Aston Barclay.
Fewer LCVs coming to market did not equate to higher prices or even higher conversion levels in August, according to the latest NAMA analysis.
Average light commercial vehicle (LCV) values increased by 1.8% to £5,607 in September month-on-month, reversing a two month decline.
Average values for LCVs fell slightly to £5,544 in July from £5,587 in June, a fall of £43 (0.7%) over the month.
Minimal price fluctuations of used vans has led to a prolonged period of stability in the market, according to Shoreham Vehicle Auctions.
