Used LCV market heading for a black hole
A report published by British Car Auctions indicates that the used van market is heading for serious shortages in the coming years. Written by Professor Peter Cooke of the University of Buckingham it estimates around 275,000 LCV’s will effectively be ‘missing’ from the used vehicle supply chain from 2011 to 2015.It’s a reflection of the reduced new van volumes registered from 2009 onwards. In addition, many professional volume LCV operators have kept vehicles in service longer, meaning vans are coming to market both older and with a higher mileage. It will become increasingly difficult to source good quality used LCV stock.
The report suggests the average age of LCVs on UK roads will rise as fewer new vans have been sold to ‘freshen the mix’ and the van parc will remain static at around 3.5 million units for the next few years.
Cooke says: “In simple terms, if we assume the national demand for used LCVs will be in the region of 300,000 annually, as the economy improves there will be a shortfall of some 275,000 first-time used LCVs entering the market between late 2011 and 2015.”










