Fleet News

Buoyant future for used van market

USED van prices continue to rise on the back of the success of many small firms, and the healthy conditions are set to stay for the foreseeable future.

According to Manheim’s latest Market Analysis for LCVs, prices rose by 9% in the last quarter from a £3,029 average to £3,318 – the highest average quarterly selling price since Manheim launched its Market Analysis two years ago.

Alex Wright, sales director, commercial vehicles, said: ‘The market is aligned very closely to economic conditions and even though interest rates are rising, most small companies, who predominantly buy used vans, are continuing to flourish.’

The increasing number of silver vans on the used market is seeing prices slip, with smaller premiums over less ‘glamorous’ colours such as white and blue, Manheim has found.

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