Leading vehicle remarketing company, British Car Auctions (BCA), is reporting record average values for commercial vehicles in August 2014. Following today’s news from the Society of Motor Manufacturers and Traders (SMMT) that new car sales continue to rise, this new data illustrates that confidence is equally strong in the commercial sector as Duncan Ward BCA’s General Manager – Commercial Vehicles explained:
“Average values have been climbing over the summer holiday period, with the key factor driving the market being the supply of good retail quality stock – or rather the lack of it. This means there is plenty of competition for the best examples reaching the market.
“Demand has been strong for well-presented corporate stock during August. As always, good condition is the key and vans with a nice specification and in an attractive retail colour are very desirable.”
The average van at BCA sold for £5,658 in August, an increase of £160 (2.9%) compared to July and the highest monthly average figure on record. Fleet & lease and nearly-new values rose, month-on-month, while part-exchange values fell back. Year-on-year values remain well ahead by £645 (12.8%), with both age and mileage falling.