BCA notes shortage of used vans
Tuesday 05 July 2011 Back to Blog
Companies may find van leasing a more attractive option compared with purchasing used vehicles, following new figures from British Car Auctions (BCA).
According to the organisation, slow van sales three years ago are now starting to impact on the used van market.
Duncan Ward, BCA's general manager of commercial vehicle sales, explained how there was a decline in new light commercial vehicles (LCVs) being sold as the recession began to bite in the second half of 2008.
"What it means is that for the next 18 months to two years, there is a potential for the market to be short of three to five-year-old one owner used LCV stock," Mr Ward added.
It was also suggested that many of the vehicles that are coming through for sale tend to be older, have a higher mileage and are often in a poorer condition.
The findings come after the BCA recently noted a significant shift in the way professional buyers are prepared to acquire LCVs, as online purchases increase in popularity.