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Big prices for small CVs
Page 63
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Judging by the bids for light CVs at British Car Auctions sales we're in a sellers' market Kevin Swallow reports.
The average price paid for used vans rolling through British Car Auctions 'hit £3.914 in October— up no less than 12% over the third-quarter average. At the same time nearly-new prices rose 11% to £.10,384, hut average partexchange prices slipped £63. BCA suggests this small decline is explained by an average 5.(X)O-tnile increase on the vehicles offered in part exchange.
In each of the three sectors, average auction prices outperformed CAP average-value guidelines.
This trend doesn't surprise Duncan Ward, BCA's UK business development manager for CVs. He points out that the used market has been consistently upbeat during 2006. with dealers competing to satisfy an insatiable demand for vehicles.
Exceptional
-The past two months have been exceptional and if you're a seller in this market this is as good as it gets, so make the most of it," he says.
"Clean stock is selling for exceptional money and even damaged stock will be considered if there is nothing else.
"Late-plate vehicles continue to make excellent money,"Ward adds." But remember, this may he affected by any discounts available on new product."6