The used van market looks set to continue its record demand and price growth in 2021 as companies buy replacement or additional used vans out of necessity through business growth.
That’s the view of Shoreham Vehicle Auctions managing director Alex Wright who has seen prices nearly double in some sectors during 2020.
“Used van buyers replace their vehicles out of necessity and SME businesses are growing. The economy is still turning and big sectors like construction are still trading during lockdown 2.0.
“With many sectors such as home delivery continuing to grow even during lockdown, companies and their contracted drivers are looking to buy used vans as delivery delays from manufacturers on new vans persist,” said Wright.
A recent Tuesday Shoreham commercial vehicle sale saw 175 buyers logged online buy 160 used vehicles from around the country. The sale achieved a 98% conversion rate and this trend looks set to continue throughout 2021.