Demand for used LCVs surges

Online used vehicle supermarket BuyaCar has announced a surge in light commercial vehicle sales.

It says that in April van sales shot up by nearly 15%, as a proportion of all purchases, while the first week in May has seen a 27% increase compared with previous months. This contrasts starkly with last year, when vans represented only around two per cent of all sales.

Analysts at BuyaCar believe that the current explosion of van sales in both the new and second-hand markets signposts a fast road to recovery for Britain’s small businesses in particular, which have been hard hit by the coronavirus crisis and measures to combat it.

Christofer Lloyd, editor, said: “The increase in van sales as a proportion of all activity on BuyaCar is perhaps the best news yet on Britain’s road to recovery from the Covid-19 crisis. While soaring car sales are perhaps to be expected, as people begin to make more leisure trips or switch from public transport to the perceived safer environment of their own vehicle, increased interest in vans suggests a growing confidence underpinning the economy in general.

“With the pandemic estimated to have cost small businesses and tradespeople as much as £69bn and countless enterprises suspended or closed down by the crisis, this is perhaps the best news we have reported so far from this recovery period.”