According to the report, there is strong demand for lower mileage LCVs in excellent condition, that have generally been in short supply over recent months.
Autorola has also noticed a growing interest by consumers in buying a well specified 12-24 month old van and then having it converted into a camper van or motor caravan. This hobby fuelled demand is likely to continue throughout the summer.
Typically vans sold on the online Autorola platform are on average 2-3 years old with 31,927 miles on the clock.
Meanwhile, prices of used cars sold online in quarter one 2014 have remained constant. Prices rose by £22 to £8355 in Q1 when compared with Q4 2013 (£8323).
Typically the used cars sold on Autorola’s online platform are on average 2-3 years of age, with 22,262 miles on the clock.
‘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,’ explained Jon Mitchell, Autorola UK’s sales director.
‘Used car prices online remain very consistent, even though we have increased our available stock on our portal by up to 1,500 since January and sold many more cars. The used car market has already shown signs of being very buoyant in April, post the record March new car sales figures. We haven’t experienced the trend of softening values online that have been reported in the physical market,’ he added.