Industry News from Yes Insurance

The monetary worth of vans remained strong throughout October according to the vehicle remarketing company BCA. It reported that the values for fleet and lease vans outperformed the average achieved in the third quarter, rising from £3,481 to £3,914.

"The used market has been consistently upbeat in 2006, with professional buyers competing to satisfy the huge retail demand that has been reported," said Duncan Ward, BCA's business development manager for commercial vehicles.

Rare and unusual stock is attracting huge sale prices, as are vehicles with added luxury items like air conditioning, metallic paint, alloy wheels and satellite navigation.

Mr Ward also advised: "Clean stock is selling for exceptional money and even damaged stock will be considered if there is nothing else."

Sainsbury's Bank recently stated that an estimated 5.6 million Britons are planning to buy a used vehicle between now and February 2007.

While it can provide a much cheaper alternative to buying a new vehicle, motorists are advised to check that they are paying a reasonable price for it and to ensure that the vehicle is safe to drive to avoid a nasty car insurance quote .