BUYER’S GUIDE Contents 33 SECTOR ANALYSIS
Demand for medium vans is setting the pace in a resurgent new light commercial vehicle market, 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 VAUXHALL VIVARO
Vauxhall’s medium van has historically piggy-backed other manufacturers’ platforms, but it remains competitive in the used market, says Ian Shaw
Used light commercial vehicle overview – August
Further increases in the volumes of used vans entering the wholesale market have been noted in August. Although prices are being squeezed on all but the very best stock, business has been brisk; in fact, a third busier than 12 months ago. Euro 5 values have started to noticeably soften as further CAZ/ULEZ are introduced. These vehicles also tend to have been worked harder, with many of them recording mileages in excess of 100,000 miles. The volume of sales increased 13.5% over the month, whilst average sales prices fell by 4.4% over the same period and by 16.2% on August 2022. The average age of vehicles sold during August remained static, decreasing 0.1 months to 83.3 months. The average mileage of those vehicles increased by 2.0% to 81,487 miles. This is 0.9% or 738 miles higher than 12 months ago. Bucking the prevalent trend, more compact vans were sold at auction than any other vehicle type, accounting for 33.5% of all auction sales. Medium vans accounted for 30.1% and large vans 25.1%. Volumes of 4x4 stock sold accounted for only 11.3% of all sales, but attracted the strongest average sales prices of £14,357, up over £400 on July. Large vans covered more distance than any other model type at an average of 92,974 miles, but this was nearly 3,200 miles less than July. First-time conversion rates for August fell overall by 1.9% to 72.7% overall, but remained 0.9% higher than at the same point 12 months ago. The best conversion rates were seen in the medium panel van sector at 75.1%, down 0.5% on July. Meanwhile, a conversion rate of 69.8%, down 5.3%, in the 4x4 pick-up sector returned the lowest. Used vehicles observed for sale in the wholesale market over the month fell by over 5% to just over 39,600 units. In August, 46.5% of all vehicles on sale were valued at £20,000 or more, while 35.4% were on sale for between £10,000–£20,000. At the lower end of the market, those vehicles on sale in the £5,000– £10,000 price bracket increased again to 13.6%, while those on sale for less than £5,000 rose slightly to 4.5% of the overall market.
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