Nearly new van prices hold strong
The prices of almost new vans showed a steady rise last month, even though the van industry as a whole has contracted by 4.4%
Almost new prices increased by over 6.5% last month against October. Prices have gone up by over 32% since August, the newest Pulse report from British Car Auctions (BCA) has revealed.
Strong interest and low availability have explained the growth in values, which are now the highest on record since Pulse began the study seven years ago.
Last month's part-exchange prices also continued at unprecedented levels, despite a drop of 2% to £2,910 during that month.
Duncan Ward, BCA's general manager of commercial vehicles, said prices typically dip in November.
Traditionally, vans in a less-than-perfect condition are often ignored by buyers towards the end of the year, however 2012 has bucked the trend.
Values for corporate stock declined a little from last month's record values, but generally ex-fleet and lease stock is being snapped up by buyers.
published: 10/12/2012 17:00:01