vehicles fell in October by a further 3.3 percent from the previous
month, according to British Car Auction, the UK-based vehicle
remarketing company.
The average value of vans sold by BCA has fallen to £3,083, down
from £3,190 in September and £3,868 in January.
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Duncan Ward, BCA’s UK business development manager for the CV
sector said: “As the economic turmoil has intensified in 2008,
small business confidence has ebbed away and this is reflected in
van-buying activity. It remains to be seen if the recently
announced 1.5 percent base rate cut will stimulate activity in
the short term.”
Fleet & lease vans – which represent the biggest volume
sector at auction – have seen prices moving downwards all year and
are now £808, or 19.4 percent behind the January highpoint.
The average value is £3,353, with a downward move of six points
in CAP performance, which now sits at under 78 percent.
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By GlobalData
