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Used van sales numbers on the slide

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There are fewer vans entering the used van sales market as a direct result of a slowdown in new van sales three years ago, latest figures suggest.

A sharp fall in the number of vans entering the contract hire market in the second half of 2008 - when the recession started to take hold - means fewer are coming back to the market now on three year cycles, British Car Auctions (BCA) said.

This has been made worse by longer contracts, which led to more time passing before vans reached the market, meaning that when they did they were older, had higher mileage and were often in a poorer condition.

The shortage of used vans on the market could push up prices as demand outstrips supply. This means it's even more crucial to try to find a cheap van insurance deal to save money.

Duncan Ward, BCA's general manager, commercial vehicle sales, said: "We are now reaching the three year anniversary of the onset of decline in new LCV sales, when the rolling annual figure fell from nearly 350,000 units in June 2008 to a low point of around 180,000 by the end of 2009 - a drop of over 40%."

© Press Association 2011