Fleet News

More than half of the FN50 anticipate decline in van RVs

BCA van auction

While leasing companies are the most positive they have been for years over residual values (RVs) for cars, they are more cautious when it comes to vans.

However, optimism is still a little higher that it was 12 months ago, when 9% thought values would increase and 66% decrease.

This year’s research for the Fleet News' FN50 found that 11% of respondents feel they will rise, while 57% expect them to fall. This means that more than four in 10 (43%) expect no change or better.

The negative outlook has been influenced by the uncertainty caused by Brexit as well as global concerns over a forthcoming economic downturn, according to Simon Hill, managing director of Total Motion.

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