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Used van prices stay strong

The resale value of used vans has stayed strong in the UK in recent years, reports Auto Industry.

The resale value of used vans has stayed strong in the UK in recent years, reports Auto Industry.

Motor valuer EurotaxGlass's believes that a boost in the skilled labour market in Britain – in part caused by immigration from other EU states – has helped keep demand up for vans.

According to the experts, this have saved the prices of vans from dropping substantially, as low demand could have seen used vehicle prices crash.

"A healthy export market for used trucks has limited the possibility of oversupply, but for used vans there was never going to be a credible export opportunity that would soak up excess undesirable stock, of which there has been no shortage," said George Alexander from EurotaxGlass's, reports Auto Industry.

"Thankfully for the motor trade... the government came up with a revolutionary solution. Instead of exporting thousands of used vans, they imported thousands of eastern European plumbers, builders, electricians and roofers," he added.

Used vehicles of whatever sort are often the most affordable way to get motoring, and can help you buy a smarter, more impressive vehicle than you could otherwise afford.

Buying a used car with a car loan can help cut your car finance costs even further.


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