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dazmond

  • Posts: 23569
why have new and used van prices gone through the roof?
« on: January 07, 2021, 06:53:35 pm »
my connect L2 240 LIMITED is now going for £25-26k brand new these days..... :o

a 5 year old connect(similar spec) with 22k on the clock £13k-14k!

whats going on?
price higher/work harder!

zesty

  • Posts: 2324
Re: why have new and used van prices gone through the roof?
« Reply #1 on: January 07, 2021, 07:04:00 pm »
I’m looking at new vans to replace my 2013 custom limited.

Prices for the newer customs are absolutely mad at the moment.

It must be the grants and money millions of self employed have got loose in their pockets.

Add to that a massive increase in delivery drivers and wallah, you’ve got huge demand for vans.

It’s really annoying to be honest, as it’ll only last a few more months, then there will be a crash (no pun intended) as things return to some normality and the money stops rolling in from the government!

dd

  • Posts: 2526
Re: why have new and used van prices gone through the roof?
« Reply #2 on: January 07, 2021, 07:23:47 pm »
Prices for Ford and VW are generally high, but other makes look decent value whenever I have looked on Autotrader recently. I always think around Christmas/New Year is a good time to to buy.

CleanClear

  • Posts: 14213
Re: why have new and used van prices gone through the roof?
« Reply #3 on: January 07, 2021, 07:28:48 pm »

Add to that a massive increase in delivery drivers and wallah, you’ve got huge demand for vans.


Think you've hit the nail on the head there.
*Status*--------Currently Online---------

Ched

  • Posts: 421
Re: why have new and used van prices gone through the roof?
« Reply #4 on: January 07, 2021, 07:36:32 pm »

Add to that a massive increase in delivery drivers and wallah, you’ve got huge demand for vans.


Think you've hit the nail on the head there.
The price of used small vans has also shot up and I doubt couriers and delivery drivers are using them.
If it were self employed buying new vans then the price of old ones might drop as there would be a glut.
It's all a bit confusing.

H2GoKent

  • Posts: 532
Re: why have new and used van prices gone through the roof?
« Reply #5 on: January 07, 2021, 07:46:20 pm »
another market for vans is people converting them into campers, this has increased prices
A manager is generally someone who has been promoted to the position by someone else who didn't see them as a threat.
Hence all people are promoted to the level of their incompetence

G Griffin

  • Posts: 40745
Re: why have new and used van prices gone through the roof?
« Reply #6 on: January 07, 2021, 08:03:46 pm »
And bounce back loans, so I've been told.
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P @ F

  • Posts: 6312
Re: why have new and used van prices gone through the roof?
« Reply #7 on: January 07, 2021, 08:10:13 pm »
Where can I get one of these bounce back loans  ;)
I'm so lazy I'm getting tired of it !

deeege

  • Posts: 4957
Re: why have new and used van prices gone through the roof?
« Reply #8 on: January 07, 2021, 08:18:07 pm »
Mate of mine has a used van sales company, he has between 150-200 vans in stock at any time.

He says he’s now selling double the amount of vans than he was doing pre-Covid, upto 100 vans a month he’s shifting. 😳

He reckons it’s mainly a mixture of people using the bounce back loan to upgrade their vans, aswell as a huge amount of people out of work/furloughed setting something up on the side.

It should settle down but who really knows for sure.
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

zesty

  • Posts: 2324
Re: why have new and used van prices gone through the roof?
« Reply #9 on: January 07, 2021, 08:41:10 pm »
Mate of mine has a used van sales company, he has between 150-200 vans in stock at any time.

He says he’s now selling double the amount of vans than he was doing pre-Covid, upto 100 vans a month he’s shifting. 😳

He reckons it’s mainly a mixture of people using the bounce back loan to upgrade their vans, aswell as a huge amount of people out of work/furloughed setting something up on the side.

It should settle down but who really knows for sure.

That’s exactly it mate, bounce back loans are being used to upgrade vans. That’s what I’m looking to do myself 👍🏼

Rob.Hall

  • Posts: 1065
Re: why have new and used van prices gone through the roof?
« Reply #10 on: January 07, 2021, 08:41:33 pm »
Guy I just bought a van from not so long ago said a chap came in and took 20 without even looking at them.
(Must have been internet viewing).

He reconed he was paying upto £1000 more for vans than 3/4yrs ago.

Stoots

  • Posts: 6022
Re: why have new and used van prices gone through the roof?
« Reply #11 on: January 07, 2021, 09:08:45 pm »
Lots of things have gone up, just supply and demand.

I was looking at building a home gym in the garage, but you cant get hold of anything anywhere online all out of stock and weights etc are selling for double to triple shop prices second hand on ebay.

I paid £8900 for my truck in june, someone offered me 10.5k for it the other week.


Ched

  • Posts: 421
Re: why have new and used van prices gone through the roof?
« Reply #12 on: January 07, 2021, 09:10:54 pm »
He reckons it’s mainly a mixture of people using the bounce back loan to upgrade their vans, aswell as a huge amount of people out of work/furloughed setting something up on the side.

It should settle down but who really knows for sure.
If people are upgrading then their old vans come into the system. I think you might be right about startups. That will probably taking up smaller vans and pushing up prices.

drakestar!

  • Posts: 311
Re: why have new and used van prices gone through the roof?
« Reply #13 on: January 07, 2021, 10:40:20 pm »
And also the ULEZ zone extension in October means a upgrade for many.
So many factors.

Smudger

  • Posts: 13201
Re: why have new and used van prices gone through the roof?
« Reply #14 on: January 08, 2021, 08:55:23 am »
I just got a 64 plate Doblo - it has been hard going getting a van - nothing local they are selling very quickly - I would out it down to the vast increase of amazon and Hermes delivery drivers and also just eat and deliveroo expansion
peolple need to earn and this is a quick way to start earning.

we get around 7 different drivers most days dropping off parcels - last year it was 2 sometimes 3

Darran
A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.

www.oddbodscleaning.co.uk

P @ F

  • Posts: 6312
Re: why have new and used van prices gone through the roof?
« Reply #15 on: January 08, 2021, 11:32:58 am »
I dunno , but mine has just jumped into limp mode so I might find out .
I’m feeling it’s turbo time  >:(
I'm so lazy I'm getting tired of it !

G Griffin

  • Posts: 40745
Re: why have new and used van prices gone through the roof?
« Reply #16 on: January 08, 2021, 11:43:12 am »
Co-vid? Brexit?
Lee Dewing writing them all off?  ;D
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NWH

  • Posts: 16952
Re: why have new and used van prices gone through the roof?
« Reply #17 on: January 08, 2021, 11:52:11 am »
I dunno , but mine has just jumped into limp mode so I might find out .
I’m feeling it’s turbo time  >:(
Turbo time will either be oil directly underneath the turbo or no warning if you look in the mirror you’ll think you’ve just left a Cloud ☁️.

P @ F

  • Posts: 6312
Re: why have new and used van prices gone through the roof?
« Reply #18 on: January 08, 2021, 12:19:16 pm »
My old man has the same model and his turbo went last year with absolutely no trace that it had gone .
Recon unit is £900 from fiat but I haven’t been shopping yet .

Do you think my turbo could have been adversely affected by Covid  ;D
I'm so lazy I'm getting tired of it !

Dave Willis

Re: why have new and used van prices gone through the roof?
« Reply #19 on: January 08, 2021, 12:42:30 pm »
I dunno , but mine has just jumped into limp mode so I might find out .
I’m feeling it’s turbo time  >:(
Turbo time will either be oil directly underneath the turbo or no warning if you look in the mirror you’ll think you’ve just left a Cloud ☁️.

That will be steam!

JandS

  • Posts: 4231
Re: why have new and used van prices gone through the roof?
« Reply #20 on: January 08, 2021, 12:51:56 pm »
Yep paid £10k for my Transit Custom in November....2015 plate with 37000 on clock but in very good nick and RAC warranty.
Thought I'd get more for my money but that was what they were going for on Autotrader.
Spent around 3 months looking as well.
Impossible done straight away, miracles can take a little longer.

Spruce

  • Posts: 8358
Re: why have new and used van prices gone through the roof?
« Reply #21 on: January 08, 2021, 01:01:13 pm »
The change of registration in September was always a good time to look for preregistered vans as many manufacturers preregistered vans to meet annual sales targets. That might change this year though.
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

Mike Burd

Re: why have new and used van prices gone through the roof?
« Reply #22 on: January 08, 2021, 01:14:19 pm »
Shortage of new ones because of Covid. When I bought a new Despatch last year I was told by the dealer that there would be no new stock until June.

EandM

  • Posts: 2166
Re: why have new and used van prices gone through the roof?
« Reply #23 on: January 08, 2021, 01:27:15 pm »
At the beginning of April 20 the cost of late registered pick up trucks all but collapsed.
One company was selling £15k+ Rangers for around £8k but of course no one could initially travel.

At the same time the cost of the older trucks doubled. The £2k, 150,000 milers were suddenly being advertised for £5-6k and selling almost immediately.

Presumably, many self employed folk like ourselves found themselves without the means to continue leasing?

G Griffin

  • Posts: 40745
Re: why have new and used van prices gone through the roof?
« Reply #24 on: January 08, 2021, 02:01:13 pm »
My old man has the same model and his turbo went last year with absolutely no trace that it had gone .
Recon unit is £900 from fiat but I haven’t been shopping yet .

Do you think my turbo could have been adversely affected by Covid  ;D
;D
But if the repair is held up because of delays in the supply chain and you can't work, you might be.
⭐⭐⭐⭐⭐⭐

Spruce

  • Posts: 8358
Re: why have new and used van prices gone through the roof?
« Reply #25 on: January 08, 2021, 03:25:28 pm »
Shortage of new ones because of Covid. When I bought a new Despatch last year I was told by the dealer that there would be no new stock until June.

Even more reason to preregister what they have available to reach those targets. Citroen will have manufacturing targets to meet every year. Their distribution network will also have to meet sales targets even if they haven't had enough supply from the factory.

Specialty orders used to take 3 months to fulfill. Most of the product on the production line is what dealers have ordered for stock months in advance. (At least that was how it worked when I worked for them.)
The problem was we ordered bog standard stuff we knew we were going to sell. You wanted aircon back in those days and it was a special factory order with at least a 3 month lead time.
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

NWH

  • Posts: 16952
Re: why have new and used van prices gone through the roof?
« Reply #26 on: January 08, 2021, 03:47:19 pm »
Yep paid £10k for my Transit Custom in November....2015 plate with 37000 on clock but in very good nick and RAC warranty.
Thought I'd get more for my money but that was what they were going for on Autotrader.
Spent around 3 months looking as well.
If it’s the RAC warranty you normally see on cars on a forecourt it’s not worth the paper it’s written on even if you’ve paid a bit extra for it,most of the time the only thing that will cover will be the block,there’s an excess with those warranties and it normally is the cost of the part you’ll require RAC-Black Horse etc should be ashamed of thereselves.

Granny

  • Posts: 822
Re: why have new and used van prices gone through the roof?
« Reply #27 on: January 08, 2021, 05:33:18 pm »
I've just got a petrol ULEZ compliant van it took some finding.
I went to one showroom he said "If you don't buy it now it will be gone when you come back". Him and his mate laughed when I said "There's plenty of vans, I can go anywhere and get one."
Soon found out it wasn't as easy as I thought.
Good van for sale in the Used Equipment.
http://www.cleanitup.co.uk/smf/index.php?topic=219913.0

NBwcs

  • Posts: 835
Re: why have new and used van prices gone through the roof?
« Reply #28 on: January 08, 2021, 07:41:13 pm »
Bought my Transit 3 1/2 yrs ago for £4800, just thought id see what's it worth now and "webuyanycar" reckon its still worth £4 grand so i bet if i sold it privately i might get nearly £4500, that nuts, its hardly depreciated at all.

NWH

  • Posts: 16952
Re: why have new and used van prices gone through the roof?
« Reply #29 on: January 08, 2021, 07:59:40 pm »
I would look at the interest rate a slight increase in the cash cost if you are paying cash wouldn’t be much of an issue obviously depending on how much they have increased,I would be looking at the APR rate first and foremost some blokes I see with bad credit rating have been fleeced on interest.

KS Cleaning

  • Posts: 3896
Re: why have new and used van prices gone through the roof?
« Reply #30 on: January 08, 2021, 08:08:06 pm »
I would look at the interest rate a slight increase in the cash cost if you are paying cash wouldn’t be much of an issue obviously depending on how much they have increased,I would be looking at the APR rate first and foremost some blokes I see with bad credit rating have been fleeced on interest.
Whats this got to do with the price of cheese?

NWH

  • Posts: 16952
Re: why have new and used van prices gone through the roof?
« Reply #31 on: January 08, 2021, 08:44:28 pm »
I’m saying I’d suffer a slight cash difference on a purchase if they’ve gone up slightly that’s all,you have to be careful with buying a van or car if you buy anything on finance the overall purchase price differs massively with changes in APR.
Buy a 50-60k car on 0% you pay the ticket price if you have no idea on finance and how PCP or leasing works that vehicle could end up costing you 75-80k that’s all I was saying why do you think they still sell plenty with that example,because people just look at the monthly cost not the overall cost and just want to get in that particular vehicle as cheap as they can monthly.

G Griffin

  • Posts: 40745
Re: why have new and used van prices gone through the roof?
« Reply #32 on: January 08, 2021, 10:33:27 pm »
They've not gone up slightly.
There are fewer vans around and people are getting lump sum grants and interest free (for a year anyway) loans from the government.
They've gone up a lot.
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P @ F

  • Posts: 6312
Re: why have new and used van prices gone through the roof?
« Reply #33 on: January 09, 2021, 10:49:20 am »
I just checked my usual supplier of my vans , to get the identical van now at the same age and mileage as when I got mine is £1500 more
I'm so lazy I'm getting tired of it !

KS Cleaning

  • Posts: 3896
Re: why have new and used van prices gone through the roof?
« Reply #34 on: January 10, 2021, 01:00:16 am »
Just looked at one of my old posts, in 2015 I sold a 5 year old Transit 280 limited with 35 000 miles on it, complete with Purefreedom 2 man 9kw diesel system for £10 500 🙈

Spruce

  • Posts: 8358
Re: why have new and used van prices gone through the roof?
« Reply #35 on: January 10, 2021, 07:25:55 am »
Bought my Transit 3 1/2 yrs ago for £4800, just thought id see what's it worth now and "webuyanycar" reckon its still worth £4 grand so i bet if i sold it privately i might get nearly £4500, that nuts, its hardly depreciated at all.

"We buy any car"appear to be over stating the value of cars on their website to get sellers in. Once they have you on site for the final appraisal the value of your car suddenly becomes much less.

Son in law took their Nissan Juke in a month ago. It's has 44k on the clock and in immaculate condition. It lost £600 as it was a diesel and no one wants diesels atm.
I'm sure if it was petrol it would have been just the same: if it was diesel it would have been with more.
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

Spruce

  • Posts: 8358
Re: why have new and used van prices gone through the roof?
« Reply #36 on: January 10, 2021, 07:36:33 am »
I just checked my usual supplier of my vans , to get the identical van now at the same age and mileage as when I got mine is £1500 more

Most used dealer stock comes from auction. If there is plenty of vans on the auction floor, prices will be lower. If there is limited stock then prices are higher.
Auction prices tend to go down when the major commercial fleet users dispose of lease end contact vans. ( British gas, RAC, AA, etc.)
If a seller had old stock at a higher price he will do his best to sell at the higher price even if auction prices drop.
It's all a cycle of supply and demand as it is with so many other things.
I doubt any supermarket is doing bulk price reductions on toilet rolls atm.
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

deeege

  • Posts: 4957
Re: why have new and used van prices gone through the roof?
« Reply #37 on: January 10, 2021, 07:44:48 am »
Bought my Transit 3 1/2 yrs ago for £4800, just thought id see what's it worth now and "webuyanycar" reckon its still worth £4 grand so i bet if i sold it privately i might get nearly £4500, that nuts, its hardly depreciated at all.

"We buy any car"appear to be over stating the value of cars on their website to get sellers in. Once they have you on site for the final appraisal the value of your car suddenly becomes much less.


That has always been their way of doing business.
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

deeege

  • Posts: 4957
Re: why have new and used van prices gone through the roof?
« Reply #38 on: January 10, 2021, 07:49:58 am »
I just checked my usual supplier of my vans , to get the identical van now at the same age and mileage as when I got mine is £1500 more
I doubt any supermarket is doing bulk price reductions on toilet rolls atm.

Tesco were last week. There is actually a massive stock of toilet rolls built up in the UK right now, far more than usual. A friend of mine is operations manager at a paper mill that makes toilet roll and he says that the run on toilet roll they had last spring has lead to massive oversupplies since, they literally have multiple warehouses full of the stuff, far more than in normal circumstances.
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

P @ F

  • Posts: 6312
Re: why have new and used van prices gone through the roof?
« Reply #39 on: January 10, 2021, 10:16:59 am »
What do you guys think of these van prices out of interest?

https://www.belgravecommercials.co.uk/
I'm so lazy I'm getting tired of it !

KS Cleaning

  • Posts: 3896
Re: why have new and used van prices gone through the roof?
« Reply #40 on: January 10, 2021, 10:40:14 am »
Bought my Transit 3 1/2 yrs ago for £4800, just thought id see what's it worth now and "webuyanycar" reckon its still worth £4 grand so i bet if i sold it privately i might get nearly £4500, that nuts, its hardly depreciated at all.

"We buy any car"appear to be over stating the value of cars on their website to get sellers in. Once they have you on site for the final appraisal the value of your car suddenly becomes much less.


That has always been their way of doing business.
Not always, in March 2019 I got quoted £12 500 online from WBAC for my Custom Limited, 23 000 miles, FFSH, it was a very clean van. I took it in thinking I would accept £12 250 for it.......I got offered the full £12 500 for it straight off the bat. Rare I know, but it does happen.

dazmond

  • Posts: 23569
Re: why have new and used van prices gone through the roof?
« Reply #41 on: January 10, 2021, 06:34:58 pm »
I just checked my usual supplier of my vans , to get the identical van now at the same age and mileage as when I got mine is £1500 more

I wouldnt have one of your vans if they were giving them away for free!😁👍
price higher/work harder!

P @ F

  • Posts: 6312
Re: why have new and used van prices gone through the roof?
« Reply #42 on: January 10, 2021, 07:14:44 pm »
That’s alright Daz , I wouldn’t have your heater if it was going free  :-*
I'm so lazy I'm getting tired of it !

deeege

  • Posts: 4957
Re: why have new and used van prices gone through the roof?
« Reply #43 on: January 10, 2021, 10:25:42 pm »
I just checked my usual supplier of my vans , to get the identical van now at the same age and mileage as when I got mine is £1500 more

I wouldnt have one of your vans if they were giving them away for free!😁👍

You used to say the same about new vans Daz, until you seen the light and followed my advice 👍
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

zesty

  • Posts: 2324
Re: why have new and used van prices gone through the roof?
« Reply #44 on: January 11, 2021, 07:37:33 am »
I just checked my usual supplier of my vans , to get the identical van now at the same age and mileage as when I got mine is £1500 more

I wouldnt have one of your vans if they were giving them away for free!😁👍

You used to say the same about new vans Daz, until you seen the light and followed my advice 👍

Daz is famous for changing his mind like the wind 😄