AUTOROLA SEE AVERAGE USED VAN PRICES RISE BY 4.5% IN Q3 2014

• Strong demand and high quality stock push average prices to record high of £10,986
• Q3 2014 saw prices rise a further 4.5%, the third quarter of increases
• Year-on-year, Autorola report average used LCV prices almost 30% higher than Q3 2013

Average prices for used Light Commercial Vehicles (LCV) have climbed throughout 2014 according to online remarketing company Autorola, reaching an all-time high in Q3 of £10,986. This peak represents an increase of 4.5% over the previous quarter.

Compared to the same period in 2013, values have soared. The average price is now 28.9% higher than Q3 2013. This is an average of an additional £2,462 per vehicle.

Influencing these rising prices is a demanding market place and high quality used stock. The average age of an LCV sold via Autorola is now just two years old, with mileages at an average of just 26,937 miles.

Neil Frost, Autorola UK’s operations director, commented: “Earlier this year, we saw prices balloon as lower quality stock flooded the marketplace, pushing the demand for newer, higher quality vehicles. SMEs are growing on the back of a resurgent economy, which continues to push demand and prices.”

“However, prices are beginning to level out. This is the smallest quarterly increase we have experienced in 2014, and we believe prices will remain stable in Q4 and into Q1 2015.”