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Used van values could face pressure from rising volumes

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Apr 16 2012

While the overall used van values fell during March, values in the fleet and contract hire LCV sector bucked that trend, according to new data from BCA. The used LCV values fell across the board by as much as £45 to £4227, according to the latest figures from BCA, a one per cent drop from the figure recorded in February and as much as 5.7 per cent behind the high of 20 months that was recorded in January.

However, it also reports that values marginally improved when it came to the fleet and lease LCV sector, which rose by as much as £33, about 0.6 per cent, in March in comparison to February. The average values remain around £300 ahead of where they stood the previous summer, with average age and mileage largely remaining the same.

"The fleet and lease sector has seen generally higher values since September last year and there is little sign of demand easing for good quality LCVs," says the general manager of commercial vehicles for BCA, Duncan Ward. "However, looking ahead, we expect volumes to rise in the short term as corporate de-fleets filter through and this much have an effect in a supply and demand marketplace."

Wholesale used van values at Manheim fell by 1.7 per cent last month, with the overall average age increasing by another month to a total of 60 months, while the average mileage also increased, rising 1634 miles to a total of 82,479.

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