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Orange van used values nearly 7% higher than white vans, says CAP

Opting for a coloured van can bring about a used value premium of up to nearly 7% compared to equivalent white vans, according to new research from Cap HPI.

Residual values on orange vans nearly 7% higher than white vans
Residual values on orange vans nearly 7% higher than white vans

The firm’s residual value experts analysed sold vehicle research data for the past five years for all ages of LCVs and found that within the medium van segment, orange vans have a 6.8% premium over the white equivalent.

The research also found that for large vans, brown was the leading paintwork choice with a 5.17% premium over the white equivalent.

And within the small van segment, grey vehicles held a 5.03% premium over the white equivalent. In fact, grey vehicles also showed a premium in other LCV sectors including city vans (4.2%), medium vans (4.02%), large vans (3.39%) and 4×4 workhorses (1.95%).

Steve Botfield, senior editor commercial vehicles and motorcycles at Cap HPI, said: “Ever since 1984 when cap hpi introduced its Red Book valuations for LCVs, the published values have always used a basic LCV in white as the benchmark. It remains the number one choice for van drivers (with over 53% of vehicles registered in 2017 having white as the main colour), but picking the right colour for the right model can really pay dividends at resale.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

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