Record-breaking half-year for Manheim Commercial Vehicles

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Manheim Commercial Vehicles has broken records for vehicles sold, conversion rates and online sales in the first half of the year, which was rounded off by a strong performance for both LCVs and HGVs in June.

Manheim recorded its largest combined volume of LCV and HGV units sold in a month since the start of 2015, including the highest monthly figure for HGVs sold for the past three years.

Matthew Davock, head of LCV at Manheim, said: “In June, we saw our highest sold volume for vans in the past 11 months, with 79% of units receiving an online bid and 30% of units ultimately being sold online.

"The average selling price of vans at our auctions continued to increase, up £20 from May and nearly £140 year-on-year, despite no change in age and mileage.”

The online sales trend seen in June reflects the first half of the year as a whole, which saw 31% of all vans sell to Manheim’s online buyers.

The 77% first time conversion rate also reflected the 79% first time conversion rate achieved from January to June.

Manheim’s HGV auctions in June recorded the highest sales volume since 2013, with 91% of all units receiving an online bid and a record-breaking 59% of vehicles selling online.

Despite average mileage increasing by more than 10% year-on-year, the average selling price increased by more than £1,200.

Manheim recorded a 74% first-time conversion rate for its HGV auctions in June and broke its previous half-year record, achieving a first-time conversion rate of 72% for the first six months of the year.

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