HIGH: Used van prices hit record levels
Average online van prices hit record levels of £9,605 in Q1, Autorola have revealed.
A jump of £1,585, the leap is huge compared to the previous record, which stood at £8,020 and was experienced in Q4 of 2013.
Autorola claim the strong demand for lower mileage LCVs in excellent condition, that have generally been in short supply, has helped boost prices.
Jon Mitchell, Sales Director of Autorola UK, said: “While we have had an excellent mix of top quality LCV stock on our Autofind portal in quarter one, particularly from Volkswagen, the continued increase in used prices keeps defying all industry predictions.
“SMEs and consumers have a huge appetite to buy used LCVs, especially in good condition, and demand shows no signs of abating.”