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The used van market is set to remain strong into the second quarter of 2022 due to supply restrictions caused by semi-conductor shortages.
That’s the view of Aston Barclay which said demand at auction for vans was high due to the boom in online shopping and home deliveries.
Geoff Flood, Aston Barclay’s LCV national sales manager said: “Despite the record level of new registrations last month, the semi-conductor shortage continues to impact manufacturing and we expect the used LCV market to remain strong throughout Q4 of 2021 and likely into Q2 of 2022.
“Prices are continuing to remain at record highs and show no immediate signs of cooling off. We are seeing the usual seasonal trends continuing throughout this however, with the all-weather capability of 4×4 pick-up trucks attracting buyers as we head into the colder months. Panel vans also remain in high demand as home shopping deliveries continue at record levels.”
This month the Mercedes-Benz Sprinter van was the most popular van at auction.
The VW Transporter was the second most popular van at auction in September followed by the VW Amarok pick-up truck in third. The IVECO Daily retained its presence on the index in fourth place.
Over the summer the used van market saw record breaking prices despite higher average mileages and age, as the semi-conductor shortage impacted production.
With production issues still ongoing as we move towards the end of 2021 Aston Barclay can see no immediate lessening of the values of used vehicles in the short term.
Aston Barclay’s 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.