Latest Articles
News Categories
Manufacturer News
News Archive
Car finance news: Van values 'stabilise'
Oct 10 2008Used car buyers visiting auction recently may have found van values had fallen only slightly.
According to British Car Auction (BCA) figures, unsecured car loan holders were able to pick a light commercial vehicle for an average of £3,190 in September.
The organisation claimed that average values fell by three-quarters of a per cent last month, significantly less than previous monthly declines.
Duncan Ward, UK business development manager for commercial vehicles at BCA, said: "Although it would be misleading to say the market came back with a vengeance in September, there was an upturn in activity in the auction halls and a fragile confidence returned to the marketplace."
There were more buyers last month, while interest in "clean, straight" commercial vehicles was also noticeably greater, the expert stated.
Consequently, van values appeared to "stabilise" between August and September, he added.
Those carrying out Used Car Searches may be interested to learn that the BCA found used car values fell by £200 in August to an average of £4,765.
More from Motoring News
First Ever Pay as You Go Car Charging System in UK
Created Feb 9 2012
For the first time ever a Pay as You Go car charging scheme is operational in the North East of the UK.
More from Motoring News
Car Dealers Caught Between Volume Reductions and Rising Values
Created Feb 9 2012
Car Pricing guide CAP Black Book warns that dealers will come under increasing pressure from increasing trade values of used cars on one side and volume reductions on the other in the coming months.
More from Motoring News
More low Emission Zones for UK
Created Feb 7 2012
If you are adamant that your next car finance deal will be for a “green” car, here is good news: the United Kingdom could soon become one huge Low Emission Zone, according to at least one transport guru.
More from Motoring News
Running Costs of Electric Trucks Lower Than That of Diesel
Created Feb 4 2012
The Centre for Transportation and Logistics has just completed a new study during which it was found that electric commercial vehicles could be 9% to 12% cheaper to run than their diesel counterparts.
More from Motoring News
London far From Becoming Electric car Capital of Europe
Created Feb 3 2012
The reluctance of British motorists to sign up for car loan deals on electric cars means only one thing: London is very far away indeed from its target to become the electric car capital of Europe.
More from Motoring News
Those Awful Female Parkers
Created Feb 3 2012
When you signed up for your first car loan deal, your father might well have warned you against the terrible female parkers that you will come into contact with during the course of your driving career – and told you how to deal with them.
More from Motoring News
Huge Increase in Speeding Fines on the Way
Created Feb 2 2012
If it wasn't for cheap car loans, many cash-strapped motorists would find it nearly impossible to keep their vehicles on the road.
More from Motoring News
Toyota Hits Landmark 400,000 With Hybrid Car Sales
Created Feb 2 2012
In a recent landmark for low carbon vehicles, Toyota managed to surpass the 400,000 level with sales of its hybrid cars in Europe.
More from Motoring News
Those Awful Female Parkers
Created Feb 2 2012
When you signed up for your first car loan deal, your father might well have warned you against the terrible female parkers that you will come into contact with during the course of your driving career – and told you how to deal with them.
More from Motoring News
Huge Increase in Speeding Fines on the Way
Created Feb 1 2012
If it wasn't for cheap car loans, many cash-strapped motorists would find it nearly impossible to keep their vehicles on the road.
More from Motoring News
