Car Insurance Due?

Need some help?

Call us on:

0800 197 7081*

Van Insurance News

Cheap van insurance customers 'buying more LCVs'

15th April 2009

It seems more cheap van insurance customers are investing in LCVs, as latest industry figures suggest a continued upturn in interest.

According to data from the British Car Auction's (BCA) monthly pulse report, average values for light commercials have continued to climb in 2009.

Encompassing all LCV values, prices rose by 13.6 per cent in March to £3,544, a rise of £427 against February.

Average prices are now £772 up against the ebb suffered in December but they remain £177 behind year-on-year.

The fleet and lease sector has recovered particularly quickly, with dealers now saying sourcing stock has become a real problem.

Commenting on the figures, Duncan Ward, BCA's UK business development manager of commercial vehicles, said there is "confidence" in the used LCV sector.

"Despite the recent rises, the used market still represents excellent value for money," he added.

The BCA's pulse report has also revealed further rises in used car prices.
ADNFCR-1602-ID-19121779-ADNFCR