Fleet News

Shortage of good CDVs

AUCTION bids for car-derived vans are often falling short of reserve prices amid a lack of quality stock and a shortage of buyers, according to Glass's Commercial Vehicle Values.

It warns that quality vans from sources other than rental and leasing companies are a rare site, with many big fleets supplying vehicles well below 'desired' standards. George Alexander, chief editor for the guide, said: 'There are still many vans from the same fleet looking for new homes.

'With only dealers left doing the buying, inflated prices are out of the question and bids often fall short of reserve.

'Currently, there are just about enough private buyers venturing into auction halls in pursuit of the cheaper vans in order to keep the sales process turning.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee