Fleet News

Online sales boost helps stabilise van values in August

The average wholesale van value has fallen by just 1% (£40) to £3,999 compared with July, according to Manheim Remarketing’s latest monthly analysis.

This is reflective of an underlying strength in the market, despite the usual lighter seasonal demand, say Manheim.

Values were also boosted by a growth in online sales, with average online sales prices rising by 9.4% (£407) over the past month. Vehicles sold online in August were on average three months younger and with 1,075 less miles in comparison with July.

Four of the key vehicle segments to reflect this market strength with a rise in values were: large panel vans less than three tonnes up 3.6% (£155) to £4,475; large panel vans over three tonnes up by 1% (£48) to £3,779; 4x4s up 2% (£144) to £6,923; and small panel vans up by 0.4% (£17) at £4,258. Sectors that have fallen are car van, down by 5.8% (£142) to £2,278, and car derived vans, down by a marginal 1.1% (£31) to £2,662.

James Davis, general manager, Commercial Vehicles, Manheim Remarketing, said: “The lead up to the bank holiday weekend in August is normally quiet. However, it is encouraging to see that the market stayed buoyant throughout.”
 

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