17 May 16
News

UK used LCV stock to rise 48% by 2019

The supply of used LCVs in the UK will rise 48% from 2015 to 2019, predicts cap hpi. The forecast rise in supply is the result of strong new van sales over recent years. Combined with slow economic growth for the foreseeable future, it means used LCV values will experience huge downward pressure. 

“Shortages in LCVs, over the last couple of years, have resulted in demand exceeding supply. Our figures suggest that this situation is likely to reverse by 2019”, explains John Watts, senior editor, commercial vehicles for cap hpi. 

The forecast is for a drop of 10% to 15% in like-for-like values, from 2015 to 2019. This is of course good news for buyers looking for quality used LCVs at a reasonable price; and less good news for sellers of used LCVs hoping to maximise residual values. 

Image: cap hpi

Authored by: Frank Jacobs