Fleet News

LCV fleets cashing in

LCV fleets can expect success in the auction halls as demand for used vans exceeds supply, claims remarketing company Manheim Auctions.

The company said a number of fleets are experiencing a 100% conversion of their stock at auction.

Alex Wright, commercial vehicles sales director for Manheim, said: ‘To put everything into perspective, a six-month-old Nissan Navara double-cab made £18,000, compared to a cost new price of £21,000 – incredible money for a six-month-old vehicle.’

He added: ‘The market in general has been on fire since the turn of the year with many vendors experiencing 100% conversions at more than 100% of book average price. Everyone is asking when it will quieten down but no-one seems to have the answer at present.

‘Vendors should move quickly to get their stock into the auction to take advantage of the market, while buyers may be forced to increase their budgets slightly, or be prepared to buy an older model to secure the van of their dreams.’

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