According to data from Aston Barclay, the value of used vans rose for the first time this year during the third quarter.
This followed a slight decline in prices during the first seven months of the year.
The remarketing firm said that while the average age and mileage of vehicles sold remained higher than two years ago, the top price for used vans at £8,023 was still up from £6,204 in the third quarter of 2020.
Geoff Flood, Aston Barclay’s national sales manager for light vehicles, said: “There is no indication that the used van market will remain at its current level until used car stock levels start to improve, which looks set to be some time. .
“The result is a pressured market with a lack of choice for buyers but record sales for sellers.”
Due to market constraints, overall trends in the used LCV sector were not reported according to Aston Barclay’s latest LCV Desirability Index, which shows that vehicle choice is largely based on what a buyer can afford within the available eligible vehicles. business need.
However, dual-cab pickups remain a popular choice among buyers, with models such as the Toyota HiLux, Mitsubishi L200 and Ford Ranger remaining in the monthly top ten.
As the delivery sector begins to ramp up in the run-up to Christmas, the usual seasonal demand for 3.5 tonne panel vans and smaller final mile commercial vehicles remains.
Vehicles such as the Ford Transit Connect are expected to remain popular in the fourth quarter as parcel delivery firms plan to increase their fleet sizes to cope with seasonal demand.
To support the used LCV sector, Aston Barclay has launched a new LCV dealership in Chelmsford. This latest LCV physical sale has been launched to offer buyers maximum choice, with the physical sale providing an ideal buying environment for both buyers and sellers.
“By consolidating our popular Chelmsford sale and continuing with the physical sales format, we are helping to offer maximum choice to our LCV buyers,” added Flood.
More broadly, Aston Barclay Group continues to focus on LCVs, with The Car Buying Group launching its Sell My Van campaign with a new team ready to provide accurate LCV valuations as consumers look to sell their vans. .
AM recently interviewed Aston Barclay chief executive Greg McLeod about what’s next for the group after five years of rapid growth.