Now could be a good time to sell or part-exchange your business van – because prices are on the rise according to the latest BCA Pulse report on auction prices.Commercial values rose to record levels in Quarter 2 (Q2), 2007.
Average values for ex-business and leasing light commercials broke the L4000 barrier for the very first time.
They are now up 14% year-on-year, according to BCA’s Pulse Commercial Vehicle Report. Part-exchange values were L300 ahead, too.
“Any signs that the market may have been softening in early summer have not been realised,” commented BCA’s lcv expert, Duncan Ward.
“June values for business and lease vehicles leapt ahead. They are reversing a two-month fall to finish at L4084 – the second highest monthly value we have recorded – and contributing to an overall record value for the quarter.
“Similarly, part-exchange values remained uniformly strong in Q2, also establishing a record value at L3424.”
However, Ward said that interest rate hikes had yet to be fully realised. So pressure could increase on values. He said it was important that vans for sale should be in good condition.
“The market for vehicles in clean, retail-ready condition will remain strong,” he said. “But for vans in average condition there could be price pressure later in the year.”
Business van and lease market Q2 2007
- Average age 48.11 months
- Average mileage 71,933
- Average sale price L4039
Business van and lease market Q2 2006
- Average age 48.79 months
- Average mileage 71,374
- Average sale price L3554
For further information
- You can visit the BCA website by clicking on the panel at the top left of this page.
