Used van residual values strengthen, claims report

12 March 2019

Values of used vans are increasing, according to one of the UK’s biggest fleet remarketing specialists.

BCA said average values for used light commercial vehicles rose during January 2019 at BCA, with the average price of a used van now being £7,329 – a £14 increase over December 2018.

Year-on-year values for all LCVs sold by BCA during January 2019 were up by £502, equivalent to a 7.3% increase over the period with both average age and mileage rising.

The average age of a used van being sold at auction by BCA is now 51.51 months, compared to 49.79 months a year ago, while the average mileage has also increased, from 65,705 to 68,291.

Nearly-new LCV values averaged £17,208 at BCA in January 2019, the highest average monthly value recorded in over a year. Year-on-year values were up by £2,798 (19.4%).