Fleet News

Manheim reports a fall in van values

Manheim Remarketing’s monthly market analysis for vans reveals that average wholesale used van values fell by 2.8% (£115) to £4,023 in February.

It also showed average age up by two months to 52 months and average mileage up by 1,495 to 75,124 miles.

This fall in average values follows three months of increases. When compared with February 2010, average values are just 0.2% (£10) higher, average age is two months lower and mileage is up by 1,228 miles.

Most of the volume vehicle segments recorded decreases in value when compared with January 2010 except car derived vans which increased by 3.1% (£82) to £2,732 and 4x4s up by just 0.4% (£36) to £8,049.

Examples of falls in average values include small panel vans which fell by 4.3% (£173) to £3,852, large panel vans less than 3.0t fell by 6.8% (£271) to £3,727 and large panel vans greater than 3.0t fell by 0.8% (£36) to £4,157.

Average values of tippers fell by 10.7% (£641) to £5,318 and Buses fell by 6.1% (£374) to £5,804. In all cases except for large panel vans greater than 3.0t there were significant increases in average age and mileage.

Tim Spencer, group commercial vehicle auctioneer, at Manheim Remarketing said: "The first two months of the year have proved to be very busy. Large volumes of used vans have been successfully remarketed and the slight fall in values is against a backdrop of increasing age and mileage profile.

"The auction lanes throughout the country remain full of buyers as demand is still strong especially for vehicles in the £2,500 to £4,500 price range while late year, low mileage vehicles continue to attract lively bidding because of their short supply.

"There is still a lot of choice out there and with vendors being realistic with their pricing the stock is moving on nicely."

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


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