THE economy is once again buoyant and this, of course, has been welcomed by us all.
However, one of the knock-on effects, based on recent SMMT research, has been a rising demand for vans.
Top 5 Pre-Order Vans from Global Van Solutions
- New Citroen Relay
- New Ford Transit Custom
- New Vauxhall Vivaro
- Nissan NV200 & NV400
- New Ford Transit
The resulting shortage has caused problems for many SMEs across the UK, who haven’t allowed the time that was necessary to order their replacement van when their leasing term is up.
The demand for new van is also linked to a much-publicised shortage of quality used van stock.
Shortage of used vans
Used vans have also increased dramatically in value – this trend started when the UK fell into recession. The current “van boom” has resulted in three -year old used vans achieving almost 50% more than their trade price back in 2010, according to residual value experts CAP Automotive.
Tim Cattlin, commercial vehicle forecast value expert for CAP says;
“Nobody in the industry, including ourselves, anticipated the rate at which demand has increased… we believe the market for used light commercial vehicles will remain buoyant for the next few months but values will begin to ease later in the year.”