But how does this situation compare with the same period last year?
To assess this, we have taken four benchmark models and compared CAP values then and now. The headline that emerges is the success of Ford Transit.
We tracked SWB Transit 280 (75bhp), Renault Master 2800 SWB 2.5, Renault Kangoo Diesel 865D and Citroen Berlingo 1.9 Diesel.
From this we find that the Transit, at two years, 40,000 miles, has actually risen on the year. Comparing performance from January to May 2004 with the same period last year, values have been consistently higher this year than last, by a margin of £700-800.
Of the other vehicles in the sample, all have displayed relative price stability.
This has been a function of continuing high demand and low supply across the sample. One of the lessons to be learned from this exercise is that simple trade talk cannot be relied upon to understand the van market.
While anecdotal evidence of market conditions hinges on constant expectations of a slowdown, the reality has been very different.
This reflects the general health of the economy.
Regardless of the concerns about personal debt, spending remains high and goods need to be moved, whether they were purchased with plastic or real money.