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Used van prices falter as high-mileage stock lands, reports Aston Barclay

Used van prices at Aston Barclay fell in February due to an influx of high-mileage ex-fleet stock.

A large percentage of the vans sold during February were higher-mileage stock that leasing companies had been holding back while others were extended contract vehicles

While average age remained at 61 months, average mileage rose from 92,000 miles in January to 104,000 miles in February, leading to an 11.1% (£924) fall to £7,348.

A large percentage of the vans sold during February were higher-mileage stock that leasing companies had been holding back while others were extended contract vehicles that reached auction as their new 21-plate replacements were delivered.

“It was an odd month as it was the first price fall since Q3 2019, but demand for any age, make or model of van remained very strong,” explained Geoff Flood, Aston Barclay’s national LCV manager.

“It’s worth noting that even at £7,348, prices in February 2021 were 49.3% and £2,425 higher than Q1 2020, which clearly shows how the market has changed in such a short period of time,” he added.

Double-cab pick-up prices rose during February by 6.9% (£831) on the back of a major fall in age and mileage by four months and 9,500 miles to 62 months and 56,000 miles. Stock also remains low, and it is a market that is constantly changing.

According to reports, Nissan is to discontinue its Navara pick-up, while demand for the Mitsubishi L200 remains depressed based on the news that from the autumn the manufacturer plans to leave the UK and European market.

“It’s a market which is losing some key models, but used demand is very strong simply because of the double-cab’s versatility of doubling up as a work tool in the week and as a family vehicle at weekends,” said Flood.

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 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.

Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news.

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