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News - Commercial Motor
April 9, 2023
Used van prices rose by an unprecedented amount during 2020 as demand for home delivery and an increase in online shopping reached new levels due to Covid-19.
High demand and low stock contributed to a record 54% in 2020 according to independent auction group Aston Barclay.
Record prices for both vans and double-cab pick-ups were seen throughout the year with that trend set to continue according to their report.
In 2020 used van prices started the year at £4,923 and ended the year 54.5% up at £7,608, a rise of £2,685. Much of this rise was attributed to prices rising from quarter three to quarter four where prices rose by 22.6% (£1,405) from £6,204 to £7,608.
Year-on-year used van prices rose by 66.3% (£3,035) from £4,573 in Q4 2019 to £7,608 in Q4 2020.
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It was the same story for double-cab pick-up trucks whose prices also finished 2020 at a record price of £11,211, a rise of £1,454 (14.9%) from Q1 (£9,757).
“The first few weeks of 2021 have been no different with lots of buyers in the market with limited stock available to bid on, so prices have remained very strong,” according to Geoff Flood, Aston Barclay’s national LCV manager.
“We anticipate this trend continuing throughout 2021 with manufacturer supply, extended lease contracts and greater demand from sectors such as home delivery and SMEs all contributing to what we think will be another record year of demand and prices,” he added.
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