September saw used van prices rise by on average 3 percent according to MotorTrader.com. The average price for LCVs was £3,862, £117 more than in August. This puts the year-on-year increase at £672 showing that the used van market is seeing increasing prices if not increasing sales. The rise in prices looks set to continue even as the market improves.
This is bad news for those looking to update their fleet in time for the proposed changes to the Low Emission zone in London. Those looking to invest in new vans will be hoping that an increase in avaliablility will put the power back in the hands of the consumer and decrease prices.
"With supplies of good retail quality vans remaining limited in September, prices remained very firm indeed. However, if supplies begin to increase significantly from corporate and dealer sources we could be seeing the current peak of market values - and it could be that values settle a little between now and Christmas."
Duncan Ward, General Manager at BCA