Close Brothers Motor Finance predicts strong sales in the used light commercial vehicles (LCV) market over the next 12 months.
The car finance provider attributed this positive expectation to a potential fall in prices caused by the increase in overall volumes in the sector at the beginning of the year.
Go deeper with GlobalData
According to the lessor, the prediction is in line with the latest research by British Car Auctions, which showed that the average value for a used van sold fell by £410 month-on-month in January to £5460.
James Broadhead, chief executive officer at Close Brothers Motor Finance said: "I predict that in 2015, we will see a levelling out of the marketplace as more used vans becoming available, partly due to manufacturer incentives during 2012 and 2013 and pent up consumer demand.
"As the economy continues to pick up pace, we will see the market shift back to where it was previously, with prices becoming more affordable as more used vans come back on the market, which is great news for dealers. This will give a further boost to the LCV market after what have been a few difficult years for many."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
