Used LCV prices rise following a change in stock profile says Aston Barclay insights report
Posted 27 August 2019
The average price of used vans rose by 11.3% in the 12 months to the end of June 2019 to £4,616, while double cab pick-up prices increased by 18.9% to £9,205 during the same period according to the market insights report from Aston Barclay.
That equates to a £469 average price rise for used vans from Q2 2018 to Q2 2019 and a rise of £1,736 for double cab pick-ups over the same period.
Overall year-on-year average used van mileages rose from 89,113 miles in Q2 2018 to 91,591 in Q2 2019, while average age fell from 76.9 months to 65.4 months over the same period.
Used van prices rose again in Q2 2019 by £83 to £4,616. Mileage fell from 96,706 miles in Q1 to 91,591 miles in Q2, and average age also fell from 68.2 months to 65.4 months in the same period.
During Q2 2019 double cab pick-up prices rose £527 to £9,205 from Q1 supported by a fall in average mileage from 80,278 miles in Q1 to 76,442 miles in Q2, and a fall in average age from 81.6 months to 70.5 months during the same period.
“We have seen a change in the profile of stock coming into the auction over recent months.
“Used vans are generally younger and with fewer miles on the clock which may signal a change in fleet replacement cycles as well as vehicles travelling fewer miles,” explained Geoff Flood, Aston Barclay’s commercial vehicle sales manager.
“Double cab pick-ups are workhorses and recreational vehicles and have a strong following in the used market.
“Corporate users are replacing these vehicles more often, probably because new prices and deals are very keen and residuals are strong,” he added.