BCA report shows average van values reached a new record level in February

According to Pulse Report data from the vehicle remarketing company, British Car Auctions (BCA), it shows average LCV values reached a new record level in February. They were actually the highest on record since Pulse began reporting in 2005.

Last month saw the average February figure of £4,789 for LCVs and values in the fleet & lease LCV sector improved again in February, rising by £386 (7.1%) to £5,823 - the third consecutive month where a record average value has been achieved for corporate CV stock. Again the rise in values can be attributed to the shortage of stock and the high demand. It remains to be seen if the values will remain on the up or if the market will see a levelling out at some point this year.

Below is a snapshot of year-on-year van sales provided in the BCA's latest press release.

Year-on-year table: All vans

All vans	Avg Age	Avg Mileage	Avg Value	Sale vs CAP
Feb 2012	56.46	76,768	£4,272	98.23%
Feb 2013	58.55	78,770	£4,789	103.05%

For further information on this report, you can view more data results on the BCA website here.

For those looking to buy a quality used van, as you can see, along with the rising value so too has the average mileage and age of the used van entering the re sale market increased. Will this news halt your purchase of a used van or perhaps change your decision to buying or leasing a new one instead? There are still some great deals here at Low Cost Vans and with a little research and advice, the right van for your needs and budget can be found.