Fleet News

Manheim reports on the continued rise of wholesale used van prices

Manheim Remarketing’s latest monthly market analysis for vans reports that at £4.013, average wholesale used van prices have increased by 4.4% (£169) in February compared with the previous month.

Average values have now increased in all but two of the last thirteen months and compared with February 2009 average wholesale used van prices are actually up by 49.5% (£1,329) with average age up by two months to 54 months and average mileage 3,771 miles higher at 73,896.

Examples of the increases in average month-on-month values in February include Car Derived Vans up by 9% (£241 to £2,919), Small Panel Vans up by 6.8% (£289 to £4,513), Large Panel Vans less than 3.0t up by 5.5% (£198 to £3,775), Large Panel Vans greater than 3.0t up by 1.5% (£61 to £4,130) and 4x4s up by 1.3% (£90 to £6,821).

At 54 months, average age in February was down by one month compared with January while average mileage was also lower by 128 miles at 73,896.

Alex Wright, sales director, Commercial Vehicles, Manheim Auctions, said: “The continued increase in wholesale values has certainly lasted longer than expected and is a clear indication of strong demand and a relative lack of supply especially of young, low mileage vans.

“These vehicles will remain highly sought after, as extended lead times for delivery of new vans will drive many self employed buyers of new vans into the nearly new, used van arena.

“In addition, the decision by many fleets to defer placing replacement vehicle orders means that supply is likely to remain short until Q3. No doubt the strength and resilience of the wholesale van market will continue to drive demand and thus used values so I remain positive and upbeat about the wholesale market as the country embarks on slow and steady economic growth.”

When it comes to disposing of cars and commercial vehicles, auctions have long been regarded as the most efficient method. However, it’s important fleets understand how they operate as well as what’s happening in the marketplace. Visit the Fleet News remarketing section to find out more.
 


 

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee