Used van prices rally in AugustThe average value of used vans increased by £99 in August over July to £4,211, halting a three-month decline according to the latest report from British Car Auctions.
However Duncan Ward, BCA's general manager for commercial vehicles said that buying was "still selective, with well-specified vehicles in good condition outperforming the market by a considerable margin. There is little appetite for vans requiring refurbishment or repair. High mileage and scruffy condition is a major turn-off, unless the vehicle is a rare and desirable specification." Businesses running light commercial vehicles needed to take note of this as we head into the autumn, he said: "While there is a temptation to hold onto vehicles rather than incur the cost of change, they could lose out in the long-run if the vehicles are sold in poor condition with too high mileage."
|
It is the first sign of value improvement for the used light commercial vehicle sector since the spring, which BCA believes underlines the return of seasonal trends to the marketplace. 
