Electric vans now feature in Aston Barclay's Light Commercial Vehicle (LCV) desirability index, reflecting their growing appeal in the used vehicle market.
The National Association of Motor Auctions’ (NAMA) is launching a LCV grading standard on July 1 to help dealers select good quality used vans and pick-ups.
Four out of ten fleets (40%) plan to start using second-hand vans in the next three years according to new research
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.
Wholesale van sales volumes grew 6% year-on-year as Cox Automotive experienced a supercharged start for its light commercial vehicle (LCV) remarketing operations in the first two months of 2023.
Aston Barclay believes the used LCV market is now set at its “new normal” until 2024.
The UK's used LCV market has got off to “a flying start” in 2023 as an easing of supply issues sees a glut of “pandemic worn condition” vans enter the auction halls.
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.
The number of dealers that are ‘optimistic’ about the used car market has fallen to just 12%, this month, a drop of 21% from the previous month.
Used van dealers are returning to auction halls to inspect higher mileage and older vehicles prior to bidding.
Prices for used LCVs at auction have slipped below guide estimates as greater levels of stock enter the market.
Used vans continued to achieve near-record prices at BCA auctions last month, but external economic pressures are starting to alter buyer behavior.
Used LCV values rose during November at BCA as demand grew steadily for vehicles to service the online and home delivery sector in the run-up to Christmas.
Cox Automotive is warning that LCV supply will be the lowest the wholesale market has seen for more than a decade, following record-breaking demand for used vehicles at auction in August.
A van desirability index launched this month by remarketing group Aston Barclay has highlighted intense market demand for used Volkswagen Transporter LCVs.
Used vans prices are expected to start rising and not stop until some time in 2022, according to Cox Automotive.
An influx of high-mileage ex-fleet stock pushed the average price of a used van down in February, at auction firm Aston Barclay.
LCV demand remained strong in September as average values climbed yet again and sold volumes rose significantly, according to BCA.
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.
The used van market made history in June as a pent-up demand for vehicles triggered a rise in values of up to 40%, according to Shoreham Vehicle Auctions (SVA).
