New Launches
Show Report: CV Show 2012
What a cracking event the 2012 Commercial Vehicle Show turned out to be, thanks in no small part to Ford… Read More
Mitsubishi L200 4x4 Long-Term Test 1
We has just taken delivery of a Mitsubishi L200 4x4 Club Cab for long-term appraisal… Read More
Ford Transit ECOnetic Brief Test
We’ve been putting a SWB 100hp 2.2TDi Euro 5 Transit 280 ECOnetic through its paces… Read More
Renault Kangoo ZE 2011 European Launch
Renault is at the forefront of manufacturers offering a mass produced factory-built electric van… Read More
Fuso Canter 2011 European Launch
Fuso has completely revamped its range of light and heavy truck Canter chassis and chassis crew cabs… Read More
Iveco Daily 2011 European Launch
Iveco has introduced new, latest generation diesels to its Daily range, along with detail changes inside and out… Read More
Ford Transit 2011 European Launch
Ford takes the iconic Transit to the next stage with an all-new range of 2.2-litre Euro 5 diesels… Read More
Volkswagen Crafter 2011 UK Launch
VW’s large panel van has undergone a serious makeover with changes to the front-end styling and the cab interior, as well as new Euro 5 diesels… Read More
Ford Transit Connect Electric Brief Test
We spent a day with the battery-powered Connect to get a better idea of what it’s like to live with in its natural, urban environment. Read More
Mercedes-Benz Vito E-CELL Brief Test
Currently undergoing trials with selected fleet customers in the UK, we managed to get behind the wheel of a battery-powered Vito E-CELL… Read More
Volkswagen Crafter 2011 European Launch
Volkswagen’s Crafter has undergone a midlife makeover and gets a new front-end along with new Euro 5 engines… Read More
Used van values remain strong in October
British Car Auctions (BCA) and Manheim Remarketing report sustained high values for used light commercials through October. The former recorded the second highest average monthly value for 17 months, citing the combined effect of stock issues and strong demand for keeping values firm. While the October figure of £4,301 slipped against September’s £4,409, average values remain well ahead of those seen earlier in 2011. Model mix is the most likely source of the month-on-month drop in the headline figure, as both the fleet/lease and dealer part-exchange sectors recorded improved values compared to September, with just the nearly-new sector declining.
Manheim’s latest monthly Market Analysis for Vans reveals that average wholesale used van values increased by just 0.5 per cent (£22) to £4,037 in October, average age increased by one month to 59 months and average mileage went down by 948 miles to 78,723. Compared with October 2010, average values are 1.3 per cent (£55) lower, average age is seven months higher and average mileage is up by 3,658 miles.
BCA’s general manager – commercial vehicles, Duncan Ward, said: “The continuing gap between supply and demand is keeping values firm. In review, much of 2011 has seen exceptional values for used LCVs, particularly in the spring when the market was flooded with liquidation stock. The third quarter was extraordinary, with sustained demand through the holiday period, even with lacklustre business confidence and Stock Market wobbles and there are signs that values are likely to remain strong into the New Year. However, we are still seeing far too many vehicles entering the remarketing chain with high levels of damage which reduces their desirability and value to used buyers.”
Over at Manheim James Davis, director of commercial vehicles commented: “I have been saying for some time that the wholesale van market is robust and bucking the economic trends and here is further proof. Van values are on a par with the same month in 2010, despite average age and mileage being considerably higher. I am also seeing evidence that the average value of unacceptable wear and tear damage on this year’s stock is up by just over a third compared with the same period in 2010. It is encouraging that the auction halls and Simulcast screens are packed solid with buyers throughout the country.
