Vans values are falling as higher numbers of older vehicles go to auction.
That’s the view of the National Association of Motor Auctions (NAMA) which said that since January values have experienced a “gentle fall”.
“In very real part, the fall in values and auction activity reflects an increase in selling activity in the 4+ age ranges as drivers of older vans trade up into a new vehicle.
“The dilemma is that with older stock increasing as a percentage of the current remarketing parc, total values are being diluted in the face of lower dealer demand for the older stock available.
Overall, NAMA said the outlook was positive with pent-up buyer demand being released as the economy improves.
“This increased new van activity is seeing an influx of older higher mileage LCV stock right now. Inevitably, this is impacting values, albeit only slowly.
“Much in the way car sales have regained sales trend normality, we expect a similar outcome in the LCV market, but this will take place over a period of months. In the short-term, condition is all-important and vendors are advised to ensure their LCVs are well-prepared for sale,” it said.
