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Residual Value and Remarketing Forum puts spotlight on LCVs

Residual Value and Remarketing Forum put spotlight on LCVs
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Sixty BVRLA members attended last week’s BVRLA Residual Value and Remarketing Forum where the focus of discussion was LCV trends and forecasts.

The key points discussed included the proportions of new LCVs being fitted with the latest safety features as standard. Volkswagen is leading the way by fitting 70% of its new LCVs with Autonomous Emergency Braking (AEB) as standard.

Also discussed was the fact that the average selling price for vans had increased by a third in the last seven years, indicating a strong and stable used marketplace for vans. Used values were stronger than expected.

It was noted that although the SMMT saw a 30% drop in sales of new diesel vans in the last quarter of 2017, there will need to be a cultural shift to move the average ‘van man’ out of his diesel vehicle to an electric vehicle.

Members also received an update on the new Worldwide Harmonized Light Vehicles Test Procedure (WLTP) and the work Volkswagen has been doing on this.

The next BVRLA Residual Value and Remarketing Forum will be held in Birmingham on 13 June 2018.

To find out more about this or any other forum, contact BVRLA Events Manager Fran Hampson.