Not logged in / Login   / Open trade account Trade account

Latest News

Used van and double cab pick-up markets perform well against the background of a changing stock profile reports Aston Barclay

Posted 3 May 2019

The used van and double cab pick-up markets have performed well during the last year as average prices rose by £227 (5.2%) and £1,036 (13.5%), respectively to £4,533 and £8,666 between Q1 2018 and Q1 2019.

According to Aston Barclay’s first LCV market insights report, the nine per cent increase in new van registrations during Q1 2019 continues to provide an excellent range of used stock coming into the market.

Average prices of used vans sold at Aston Barclay increased to £4,533 in Q1 2019, up £386 from £4,147 in Q4 2018, based on mileage rising 2,604 miles to 96,706 miles, and average age reducing dramatically to 68.2 months from 80.3 months in Q4.

Much of the changing profile of used fleet vans hitting the auctions can be put down to the introduction of the London ULEZ zone.

This has forced companies to speed up their replacement cycles and buy Euro 6 vehicles to enable them to comply with ULEZ rules while the Transport for London (TFL) scrappage scheme is forcing some older stock into the market.

The double cab pick-up sector has also been impacted. Prices rose year-on-year to £8,666 in Q1 2019 from £7,630 in Q1 2018, but a dramatic fall when compared with Q4 2018 (£11,074).

This was caused by the average age of stock in Q1 2019 increasing by 20 months from 61.3 to 81.3 months and mileage increasing from 57,109 (Q4 2018) to 80,278 miles, a rise of 23,169 miles.

Aston Barclay predicts in Q2 and Q3 the age and profile of used vans and double cab pick-ups will start to return to a more consistent level, particularly from southern vendors.

“The market continues to perform solidly with prices remaining firm despite larger volumes of used vans coming into the market from strong new van sales in Q1.  Euro 5 vans are in demand as they are good value when compared with in-demand Euro 6 vans, particularly in the south of the country,” explained Martin Potter, group managing director, Aston Barclay.

“Similarly, the used double cab pick-up market remains strong with good quality vehicles finding SME buyers that utilise vehicles for both business and recreation,” he added.

Chelmsford

Drovers Way
Chelmsford
Essex
CM2 5PP

Leeds LCV Centre

Hillidge Road
Leeds
West Yorkshire
LS10 1DE

Prees Heath

Heath Road
Whitchurch
Shropshire
SY13 2AE

Westbury

Brook Lane
Westbury
Wiltshire
BA13 4EN (For SatNav use BA13 4EP)

Donington Park

Donington Park
Castle Donington
Derby
DE74 2RP

Wakefield

Units 1 & 2 Harvard Way
Normanton Industrial Estate
Normanton
West Yorkshire
WF6 1FL (For SatNav use WF6 1GX)


© 2019 Aston Barclay Ltd. All rights reserved.

SSL NAMA member

Website by: