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14/12/2009
Auctioneer Reports Christmas Confidence
British Car Auction (BCA) figures have suggested businesses were preparing for Christmas demand with renewed optimism
Vehicle auction company BCA said average values for commercial vehicles sold in November were at their highest for two years, as buyers competed strongly in the auction halls and online.
Average van prices increased to £3,902 from the £3,858 recorded in October, and even outpaced the January 2008 high point of £3,868.
The rise of £44 – equivalent to a 1.2% increase – may be modest but is encouraging for business in general said BCA’s Duncan Ward.
"Year-on-year values are now ahead by an astounding £1,089 – the biggest year-on-year margin on record and reflecting both the strong performance in November 2009 and just how weak the LCV sector was in November 2008," he said.
"End users have remained very active in the marketplace and delivery firms expanding capacity in advance of Christmas have no doubt buoyed the average price."
But despite the increased average values, Mr Ward said condition remains critical and bidding is noticeably lighter on any vehicle that is carrying excessive damage.
"In short, good, clean vehicles are meeting market price expectations and more, while poorly presented LCVs will often struggle for attention – a two-tier market in other words," he said.
(PR)
Vehicle auction company BCA said average values for commercial vehicles sold in November were at their highest for two years, as buyers competed strongly in the auction halls and online.
Average van prices increased to £3,902 from the £3,858 recorded in October, and even outpaced the January 2008 high point of £3,868.
The rise of £44 – equivalent to a 1.2% increase – may be modest but is encouraging for business in general said BCA’s Duncan Ward.
"Year-on-year values are now ahead by an astounding £1,089 – the biggest year-on-year margin on record and reflecting both the strong performance in November 2009 and just how weak the LCV sector was in November 2008," he said.
"End users have remained very active in the marketplace and delivery firms expanding capacity in advance of Christmas have no doubt buoyed the average price."
But despite the increased average values, Mr Ward said condition remains critical and bidding is noticeably lighter on any vehicle that is carrying excessive damage.
"In short, good, clean vehicles are meeting market price expectations and more, while poorly presented LCVs will often struggle for attention – a two-tier market in other words," he said.
(PR)
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Northern Ireland WeatherToday:Early mist and fog clearing to leave a dry and mainly sunny day, although patchy cloud possible through County Down. Warmest in the west with light east or northeast winds. Maximum temperature 20 °C.Tonight:Dry and bright at first but some areas of low cloud developing through the evening and overnight, particularly over southern counties and the north Antrim hills. Minimum temperature 10 °C.
