LCV prices reach record high
- Posted by: Alan Feldberg
- Category: News
Auctioneer Aston Barclay has reported that second-hand light commercial vehicle prices reached a new record high at the end of May.
It said demand for brand new models is also continuing to grow.
Prices have now grown by 8.3% since January, reaching £9,057, with the average mileage of vans on the used market falling to 94,783 miles.
The strong performance came despite three May Bank Holidays, including the extra day off for the King’s Coronation, which coincided with traders reporting a dip in footfall levels.
Geoff Flood, national LCV sales manager at Aston Barclay, said: “The most interesting trend is that volumes are gradually increasing in line with better new vehicle supply and growing sales. The word from dealers is that availability is starting to improve with vehicles often turning up ahead of schedule. It is helping to contribute to larger weekly LCV sales across the group from multiple vendors.
“The summer is traditionally when the used LCV market slows down but with fuel prices and inflation falling, the appetite from SMEs to replace their ageing vehicles looks likely to continue.”