As Brexit has change the Used Vehicle Import landscape with additional tax charges and tariffs imposed on Irish traders and their customers, another blow to their business is that Used van prices in Britain has risen by a record 54% in 2020 and are likely to increase further in 2021. The fluctuating Sterling valuation is an ongoing issue as well.
According to a reports by Aston Barclay, the high demand and low stock trend for used LCVs in 2020 led to record prices for both vans and double-cab pick-up trucks.
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.
Double-cab Ppick-up prices also finished 2020 at a record price of £11,211, a rise of £1,454 (14.9%) from Q1 (£9,757).
And according to Geoff Flood, Aston Barclay’s national LCV manager there is no sign of the market slowing down after holding its first LCV sales of 2021 at Leeds, Donington and Westbury.
“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.
“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.