Fleet News

Caution urged on comparing used van values

The fall in used van values has been less significant than at first thought.

Manheim compared the sales values for the third quarter of this year with the same three-month period in 2007, 2006 and 2005.

The average selling price for a van was £2,888 this year, which was 8.7% lower than in the third quarter of 2005 and 8.7% lower than in Q3 2006.

However, in comparison with Q3 2007, which Manheim says was a record year, the average selling price was 21.6% lower.

Alex Wright, Manheim sales director, commercial vehicles, said: “Comparisons with a very strong 2007 should be treated with caution and that economic pressures, although significant, are not the only reason for the decline in average sale values experienced during this year.”
 

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