Used van market switches from short supply to over supply
THERE has been a very sudden and substantial increase in used van stock, reports auction house BCA.
The unexpected increase to the marketplace coincides with the traditional year-end slowdown for many traders and retailers, putting pressure on used van prices.
The majority of these business vans have come to the market well ahead of their planned de-fleet dates, says BCA, due to economic and business pressures on the operators. These additional units are topping up the already high volumes from the corporate and leasing sector.
Duncan Ward BCA