Used LCV sales in Q4 could beat those seen in 2017 if demand continues to increase at rates seen so far.
So says Cap HPI as it reports exceptionally strong demand for used LCV sales in October, with vehicles achieving on average almost 100% of the guide values. Most sectors had price increases last month with the most notable being in the medium vans sector, which went up by 2.2% overall.
Strong demand for small vans remained evident with most models achieving around 100% of guide price. However, in the medium vans sector, values have gone down by 1% with a few exceptions, the most notable being the VW Transporter where values have increased by 3%.
Steve Botfield, senior editor commercial vehicles at Cap HPI, commented: “Even though we are entering peak time of the year in the van sector, it’s been a particularly strong October and the signs are looking good for the rest of the year.
“However, there have been some signs that stock shortages might be on the way as at the auctions we’ve seen a variety of professional buyers paying well above the guide prices for vehicles that were exhibiting significant amounts of damage, particularly in the medium and large van sectors.”
