Operators buy smaller used vans to combat rising fuel prices

Smaller vans became the go to used LCV in March, according to Aston Barclay’s latest desirability index.

Six out of the top 15 LCVs in the index were smaller panel vans, as operators searched for more efficient models as fuel prices continued to increase.

The top five vans in the March index were the Mercedes Vito, the VW Transporter and Crafter and the Ford Transit Custom and Transit Courier.

“Since fuel prices have dramatically risen, we have started to see the market shift towards smaller vans that are most cost effective to run. Demand still exceeds supply across the entire used market, but we have seen a noticeable change in the current buying strategy from dealers towards smaller vans in March,” explained Geoff Flood, Aston Barclay’s national LCV sales manager.

Pick-ups also remain in high demand with five featuring in Aston Barclay’s top 15 including the Ford Ranger, Mitsubishi L200, Toyota Hilux, Isuzu D-Max, and Nissan Navara. This demand from both SMEs and fleets has been fuelled by the continued growth in building and construction projects.

“Any pick-up less than eight years of age is making strong money. Some of the nearly new models are being purchased by rental companies as they look to grow their fleet, as new vehicles continue to suffer from long lead times,” said Flood.

Aston Barclay’s monthly index takes into consideration three key metrics: web views prior to sale, number of physical and online bids per sale, and the sale price achieved as a percentage of CAP average.