Used van prices to remain ‘relatively resilient’ in coming months

Auction house BCA is forecasting that used van prices will remain ‘reasonably resilient’ in coming months.

It said ongoing supply restrictions in the new van market meant there was stronger demand in the used sector than there would otherwise be.

As a result, average LCV values at BCA in July 2022, rose by 4.2% month-on-month, following a 3% rise in in June 2022.

LCV values averaged £10,220 at BCA in July, up by £420 compared to June, with performance against guide prices steady at 95.7% over the month. Year-on-year, values for July 2022 were up by £100 (1.2%) compared to July 2021.

But it advised buyers that demand is “relatively fragile” in a two-tier market with strong demand for ready to retail stock while those in poorer condition with higher mileage vehicles struggling to sell.

Stuart Pearson, BCA COO UK, said: “As we are seeing in the car market, it is apparent that a two-tier market has developed, where the best presented vehicles readily attract strong bidding and poorer stock will struggle unless it is very competitively valued.

As ever, focussing on the remarketing basics of realistic pricing, clear and accurate vehicle provenance information along with appropriate preparation, will ensure that there is a buyer for all stock, regardless of age, mileage and condition.”

He concluded “Despite the obvious pressures in the used sector, we should expect values to remain reasonably resilient in the medium to long term.”

John Kirwan

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