BUYER’S GUIDE Contents 33 SECTOR ANALYSIS
The large van sector is accelerating its transition to electrifi cation as overall sales continue to grow, reports James Dallas
36–51 DATA – POWERED BY GLASS’S
What Van?’s wide-ranging data section covers every model on sale in the UK and provides all you need to know to buy your next light commercial vehicle – from up-to-date prices and residual values to fuel economy and load capacity.
35 BUYING A USED FORD TRANSIT
Buyers may be spoilt for choice but the Transit range’s class means used values remain strong, says Ian Shaw
Used light commercial vehicle overview – May
With an increasing number of operators now de-fl eeting stock that should have been shed during the pandemic, there is an increasing number of older LCVs available in the wholesale market. With the supply of two-to-fi ve year old stock sparse, buyers are opting to purchase vehicles in the fi ve-to-10 year-old age bracket, where availability is more stable. Sales of electric vans remain slow, with battery durability, affordability and perceived lack of charging infrastructure the biggest barriers to adoption in the used market. A strong month has seen sales increase by 2.5% versus April and they are 7.3% higher than at the same point 12 months ago.
Average sales prices have dipped by 2.0% over the month and are also 2.0% below May 2022 levels. As with previous months, the used medium van sector was the most popular. These models accounted for nearly 37% of all auction sales, while 4x4 stock was again the least popular (15.8%) but attracted the strongest average sales prices of £13,500, down £1,433 from April.
The average age of vehicles sold during May decreased by one month to 81.1 months, with the average mileage of those vehicles climbing by 0.7% to 83,396 miles. This is just over 550 miles higher than 12 months ago. Large vans covered more distance than any other model type at an average of 89,141 miles, a near 300 mile reduction from April. First-time conversion rates for May fell 5.5% to 75.5% overall – as older and harder-worked stock entered the market – but still remained 8.0% higher than 12 months ago. This decline was refl ected across all sectors, with the small van sector returning the best conversion rate of 76.7% (down 6.9% from April). 4x4 pick-ups recorded a fall of 1.6% to 76.4%, medium vans 76.1% (down 5.7%) and large panel vans 71.6 % (down 4.7%). Used vehicles observed for sale in the wholesale market last month rose 0.75% to just over 41,500 units. 51.3% of all vehicles on sale were valued at £20,000 or more, while 33.0% were on sale for between £10,000–20,000. At the lower end of the market, 11.6% of all vehicles were on sale for between £5,000–10,000. Those on sale for less than £5,000 remained at 4.1% of the overall market.
Andy Picton is chief commercial vehicle editor of Glass’s, the used vehicle valuation experts
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