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Used Van

Latest auction figures suggest that the value of vans continue to fall; albeit at a slower rate in September at only 0.75%. Across the entire van spectrum, it’s reported that in September, the average value fell by £24 to £3,190 - approximately £750 down compared to early 2008.

On a positive note, the value of new and part-exchange vans actually rose slightly.  BCA reported that “there was an upturn in activity in the auction halls and a fragile confidence returned to the marketplace.”

Auction giant Manheim, reported that used car wholesale prices in September were up 3.5% compared to August which saw a 1.7% fall in prices.  BCA were less optimistic only citing a 1% increase in September.

September is traditionally one of the strongest months in the motor-trade calender, so optimism should be adopted cautiously.  However, perhaps this signals the beginning of a steadier market.

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