A lack of key components such as semiconductors has led to a cut in commercial vehicle production.
Delays to new van deliveries are helping drive used values to record-breaking levels as fleets
hold on to vehicles longer and demand outstrips supply.
Used van prices sold through Aston Barclay rose 4.2% (£255) to £6,204 in Q3 – an increase of 26% compared to Q1.
The used van market shows no sign of slowing down, with record prices being predicted for the rest of 2020 and into 2021.
Pent-up demand for used vans reduced stock levels to a point where prices rose by between 30-40% in June, reports Shoreham Vehicle Auctions (SVA).
The used LCV market is showing signs of change caused by Brexit and with the introduction of the London ULEZ, according to Shoreham Vehicle Auctions (SVA).
Legislators’ bid to nudge drivers of older vans to move to cleaner diesels appears to have backfired. By Dean Bowkett
Shoreham Vehicle Auctions (SVA) has launched a used electric van training course for LCV dealer sales staff and fleet vendors.
Demand for used Euro 6 vans is expected to grow as Clean Air Zones are rolled out across 33 local authorities from 2019.
The introduction of Clean Air Zones from 2019 will see demand for used Euro 6 vans grow, keeping values high, says Shoreham Vehicle Auctions.
Buying on the net hits record levels at BCA and Manheim, close to 40% and 34% respectively
Values of used LCVs are continuing to rise despite increasing volumes of used models coming to auction and record registrations of new LCVs.
The Ford Transit is still in demand on the used market as it celebrates 50 years on sale, according to Shoreham Vehicle Auctions.
The strong influence of mid-range LCVs should enable continued price stability throughout 2015, according to Shoreham Vehicle Auctions.
There are two distinct pillars emerging in the used LCV market, as volumes of vehicles aged two to four years and those over six-years-old witness growth.