LCV USED VALUES REMAIN STRONG
Posted on 12th October 2020 at 13:52
The used van market remained strong in September across the majority of sectors with average values up by 3.6%. With stock shortages, uncertainty over future supply and the demand for used LCVs summing up market activity for the past month.
On average, an LCV from 2017 is worth 18% more in October than the equivalent vehicle was in January, as prices have risen beyond all expectations since lockdown. Goods vans continue to perform well with demand for vans that can carry parcels remaining consistently high. And is expected to increase further as Christmas approaches.
Franchised dealers are running very low on new vehicle stock due to the loss in global vehicle production which left a huge gap in the supply chain, and will take a long time to recover.
However, the latest SMMT figures highlight that registrations for new LCVs surged ahead in September, growing by 26.4% when compared to the same month last year.
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