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Used LCV prices rise to record levels in Q2 reports Aston Barclay

Posted 27 July 2020

The used van market went through the roof during Q2 according to Aston Barclay with prices rising by 20.8% (£1,026) to £5,949 to an all-time record level.

As more dealers chased fewer vehicles in the market, particularly when franchised dealers opened for business on 1 June competition for stock rose dramatically and prices took off.

Between 330 and 360 online buyers were logged on for each sale with all types of vans and chassis cabs finding homes, even a £3,000 van with £2,000 of damage sold above book. The only vehicles that have struggled are 9-seat minibuses as they do not work currently for operators based on current social distancing rules.

Aston Barclay continued to sell used vans online during the lockdown as sectors like home delivery experienced a peak in demand. Those dealers who saw stock depleted during lockdown were then faced with buying replacement stock for more than their original retail sale which has caused challenges on cashflow and stocking strategy.

Double-cab pick-up prices also rose in Q2 by 4.2% (£312) on the back of a marked fall in average age and mileage to 60 months and 65,000 miles. Stock remains in short supply, but replacement cycles are now consistently at five years, which vendors consider as their optimum contract length.

“We don’t know when the prices will stabilise, although moving into July prices have cooled slightly as supply has started to improve,” explained Geoff Flood, Aston Barclay’s national LCV manager.

“However, there is likely to be a shortage of stock during the summer as OEMs get production levels back to normal before fleets kickstart their replacement programmes,” 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)


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