The used van market is struggling to shift large volumes of used vans with poor specifications.
That’s the view of Glass’s commercial vehicle guide editor George Alexander who said the market is now made up of two streams of vehicles.
“We are really seeing a tale of two used markets. Late plate, well-specced models of newer designs are in high demand and their lack of availability is frustrating to trade and retails buyers, leading to many paying over the odds to secure the vehicle they want.
“However, less popular LCVs with poor specifications or those that are well-used and have questionable service histories are struggling. There are many more of them about than in recent years and the market is reflecting this with a distinct lack of enthusiasm,” he said.
Values continue to decline in 2015. The latest Pulse report from BCA released this week saw values in April fall 1.9% to £5,508 compared to a month earlier.
On average van values have fallen by 6.2% since they hit their high in December 2014.
BCA’s head of commercial vehicles, Duncan Ward, said: “Although we are reporting some price pressure as a result of rising supply and the typical seasonal issues we experience post-Easter, there is still plenty of demand from professional buyers and end-users. Average values for light commercial vehicles have risen significantly over time.”
