2019 could be “the year of the used LCV”
Will 2019 be the year of the used van? That's the title of an upcoming presentation by the Vehicle Remarketing Association (UK).
“There was extensive talk about 2018 being the year of the used car, with very favourable market conditions in place – and there are signs that next year may be similarly successful for vans”, VRA chairman Glenn Sturley was quoted by FleetPoint.
Recent figures released by Manheim indeed point to a boom in the market for used LCVs in the UK. The average selling price for used LCVs in July was £6,436, an increase of 1.8% over June – and 18% higher than in July 2017.
Helping to push up the price was a 2% decrease in volume compared to June (although it was up 4% year-on-year).
WLTP and ULEZ
Two factors are will have a major impact on LCV sales in the UK, experts say: WLTP test procedures, which came into effect in September, and the Ultra-Low Emission Zone (ULEZ), which will tighten emission standards for vehicles – including LCVs – coming into the London congestion zone.
The future of LCV sales in the UK will be discussed at the next meeting of the VRA, on 21 September at Manheim in Brunthorpe. Key presentations include those of James Davis (Manheim), looking at LCV prospects for 2019; Karl Davis (Coachworks Consulting) on dealer best practices; and Rupert Pontin (Cazana), on the current sate of the UK used market.