A slump in the sale of new vans three-years ago is starting to impact the availability of used vans today, according to a motoring auctioneering group.
British Car Auctioneers (BCA) said that the slow-down of sales, linked to the recession and seen in the second half of 2008, means that there are fewer vehicles coming back to the used market now.
Those that do are often older, with higher mileage and are in poorer condition than expected; all factors that may make long term van hire a more attractive option than buying a second-hand vehicle.
Duncan Ward, BCA's general manager, commercial vehicle sales told Easier.com that the three-year lull that is approaching represents a sales drop of over 40 per cent from June 2008. Then, rolling figures produced around 350,000 units compared to just 180,000 units by the end of 2009.
"What it means is that for the next 18 months to two years, there is a potential for the market to be short of 3 to 5 year old one owner used LCV [light commercial vehicle] stock," he explained, as cited by Fleet News.