Light commercial vehicle values continue readjustment
Light commercial vehicle values at the three-year, 60,000-mile mark have fallen by 1.8%.
This is according to the latest data from Solera cap hpi.
Following the latest reduction, it has found that average prices are now 6.7% for the year.
However, further analysis reveals notable discrepancies within the market, with well-maintained vans attracting prices higher than the guide price while older models in poor condition are struggling to find buyers and attract expected prices.
Market conditions
Ken Brown, LCV valuations editor at Solera Cap HPI, said: “Fleets should pay close attention to vehicle selection and disposal timing as market conditions continue to evolve. Market conditions remain stable, but vehicle choice, condition and tax policy are becoming increasingly important factors in determining future value performance.
“The used van market remains highly selective. Buyers are still willing to pay strong money for clean, well-prepared stock, but there is much less appetite for vehicles requiring significant refurbishment.
“The spread between top-performing and under-performing examples has become much more pronounced than we have seen for some time.”
