Fleet News

Van prices stay strong

THE residual values of used vans remained strong during October.

RVs for fleet and lease vans outperformed the average achieved from July to September, and CAP values rose by more than three points to 101.5%.

Average nearly-new values also rose from £9,206 to £10,384, although the figures from auction house BCA were affected by a changing model mix. CAP values averaged 102.2%.

The worth of part-exchange vehicles stalled slightly, down an average of £63.

Much of this is down to the average mileage rising by more than 5,000 miles.

However, CAP performance increased by six points to 101.1%.

Duncan Ward, BCA’s UK business development manager – commercial vehicles, said: ‘The used market has been consistently upbeat in 2006, with professional buyers competing to satisfy the huge retail demand that has been reported. The past two months have been exceptional and if you are a seller in this market, this is as good as it gets, so make the most of it.

‘Clean stock is selling for exceptional money and even damaged stock will be considered if there is nothing else.

‘Late plate vehicles continue to make excellent money, but remember this may be affected by any discounts available on new products.’

Ward said rare vehicles and those with extra options were attracting the best prices. A shortage of hatchbacks and single-cab pickups has strengthened their values, as has the year-long shortage of Land Rovers.

Older products continue to be steady, particularly Transits and Escorts.

As Christmas looms, expect rising interest in Luton vans. Recent sales have seen an Iveco Daily and LDV Convoy return 166% of guide values. Vauxhall’s Sportiv models are also popular at the moment.

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