| |
The value of used vans have fallen, according to recent research from the British Car Association (BCA).
The leading vehicle auction company, stated that the average value for vans, had fallen to £3,499 in June, down £200 in May and £350 in January. Van insurance customers have also seen premium prices fall, for ex-fleet and lease vans.
Van insurance policies were seen to be priced below £4,000 for the second month in a row, while nearly-new light commercial vehicles (LCV) sector, fell drastically to a median value of £952; a drop of £1,056 from figures in May.
Duncan Ward, BCA's UK business development manager, explained that market has been slowing for most of 2008. He said: "The market has now been slowing for most of the year, a situation we have not encountered in the LCV market for some considerable time. Buyers are still about in the same numbers, but buying patterns are patchy with a definite two-tier market developing of saleable, good quality stock that is sensibly valued, and difficult to place, poorer quality vans that appear over-valued in comparison."
|