NEW van sales fell back in July but there’s still a call for good used examples. Demand from professional buyers remains comparatively high, despite the market being traditionally slow at this time of year.
According to BCA Commercial Pulse, the average July figure of £4772 for all LCVs showed a small increase of just £6 compared with June. While average mileage increased for the third month running, average age of vehicles remained around 58 months.
And despite a drop in fleet & lease used van values, they remained well ahead year-on-year. A sharp recovery in dealer part-exchange values saw them reach the third highest monthly value on record.
Year-on-year table: all vans
|All vans||Avg Age (months)||Avg Mileage||Avg Value||Sale vs CAP|
Year-on-year, July 2013 used van values were ahead by £543 (12.8%), with age and mileage increasing during the period. Average CAP performance continues to be markedly higher in 2013.
Fleet & lease LCV used van values dropped in July by £171 to £5782, a decrease of 3.1% compared with June. Performance against CAP was improved one point to 100.8%, and retained value against Manufacturer Recommended Price was marginally better at 36.62%.
Year-on-year used van values also stayed significantly ahead, increasing by £753 (15.0%) compared with the corresponding month in 201, with both average age and mileage down over the year. Retained value against MRP was up by nearly four points.