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Van values are strong at the moment, but what happens if things change?
ONE in ten vehicles on the road is a van which could mean if you are looking to sell your van or a fleet of vans it could be prove even more difficult to sell or you may not get a fair price for it.
Research by the RAC Foundation has shown that the number of vans on Britain’s roads has been rising more than 2.5 times faster than cars.
The independent motoring charity found that the number of vans increased by 29 per cent to 3.3 million between 2002 and 2012 and every tenth vehicle was a light commercial vehicle (LCV) – this is a vehicle dedicated to moving freight or providing a non-passenger service that weighs no more than 3.5 tonnes.
Only France, Spain and Italy have more vans registered than Britain in Europe with van traffic expected to almost double by 2040.
A staggering 95 per cent of vans are diesel powered and one in five vans change hands every year – this occurs most in the North East followed by the South West and Wales.
Three per cent of vans (112,000) are 20 or more years older according to the research.
It is not clear why vans have increased in popularity so much, but it suggested that individuals could be switching from private passengers cars to vans for employment or personal reasons or are shifting from HGVs to LCVs to support a differing demand for deliveries.
But with more and more vans on the road now, this could have an effect on the value of second hands vans and mean you may get less when you come to get rid of it.
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