Commercial vehicle prices stall
Small business buyers could get a good deal at auction advises BCA
Leading vehicle auction company, BCA, is reporting a tougher market for commercial vehicle sales as the credit crunch tightens.
Duncan Ward BCA's UK Business Development Manager - Commercial Vehicles commented "The market has slowed in April and despite Fleet & Lease van values rising, there are growing numbers of ex-lease short-, medium- and long-wheel-base vans available and we are seeing more unsold stock than earlier in the year."
Despite this, values for Fleet & lease vans rallied in April following two months of decline, according to BCA. But nearly-new and part-exchange values fell in the same period as professional buyers and traders remained cautious.
Fleet & Lease Values recovered from £4,034 in March to reach £4,126 in April. However, there was pressure in the Nearly-New sector where average values fell by around £700 against March and for Part-Exchange stock where values fell by over £80, month on month.
Ward added "This means there is a great opportunity for small and medium sized businesses to get a good deal at auction if they are looking to upgrade their commercial fleet."
"While some stock is in poor condition, there are plenty of the better quality vans too. And this makes going to auction a really good option for small and medium sized businesses.
"Buying commercial vehicles is a big investment, for any business, but especially the SME market," concludes Duncan Ward. "First of all buyers need to be sure that they opt for the best vehicle for their needs. But, as importantly, they need to ensure that whatever they choose will get a good price when they come to resell.
If you are thinking of buying at auction, then BCA has centres around the country, with commercial vehicle auctions a regular fixture at 16 centres. Armed with a little knowledge, a clear idea of what they want and a strict budget, SME's could find this an attractive route to take, as there's plenty of choice of vans ranging from budget vehicles to nearly new.
Be prepared by getting a sneak preview of what's on offer by logging onto BCA's free service www.commercialauctionview.com. If there is a specific type of van you are after, checking out Commercial Auction View will help you locate what you want and will let you know when and where it is being auctioned.
BCA sells vehicles for a huge range of sellers including franchised and specialist dealers, car supermarkets, trade professionals and business sellers such as fleet operators and leasing companies and the vehicle manufacturers themselves.