Used LCV prices rocketing
A report issued by remarketing company Autorola UK has revealed that the company has seen a 39% (£3,220) increase in the average price of the thousands of light commercials it sold via its online portal in 2014.
Prices rose from £8,316 to £11,536, reinforcing the strength of the UK used LCV market in 2014. The average age of stock reduced slightly in 2014 from 35 to 33 months, while mileage also reduced from 23,849 to 22,544 miles which helped increase prices, but generally demand and prices were very strong across the board.
Jon Mitchell, Autorola UK’s sales director, explains: “The stock we sell online is younger than what is typically offered at physical auction. It was this sub-three-year-old stock that was in relative short supply in 2014, so demand and prices were strong, but even so we have never experienced such a major price hike in a single year. The VW Caddy (photo) and Transporter vans remain in high demand, while any larger car-derived van such as the Berlingo, Partner, Vito or Connect are making good prices”.