High demand for trucks throughout 2021 suggests it will be a record year for used HGV prices, according to Cox Automotive.
August marked the third consecutive month where Manheim recorded a five-figure average selling price of a used van, driven by the expansion of London’s ULEZ.
Euro 6 vans are achieving £2,245 or 22% more than pre-pandemic levels, says Cox Automotive.
A lack of key components such as semiconductors has led to a cut in commercial vehicle production.
Delays to new van deliveries are helping drive used values to record-breaking levels as fleets
hold on to vehicles longer and demand outstrips supply.
Used van prices will continue to rise for the rest of the year as the sector continues to be affected by material shortages in the new van market.
Being ‘fit for purpose’ is not the only consideration when speccing vans
Vendors and buyers saw a month-on-month increase in volumes, values and conversion rates at Manheim in a positive conclusion to a turbulent year.
Manheim’s inaugural HGV drive-through-auction at Bruntingthorpe proved a big hit with buyers last week, by achieving sales close to £1million.
By James Davis customer strategy and insight director (Commercial Vehicles) at Cox Automotive UK
More than 80% of vans on the road today will not be compliant in the London ultra-low emission zone when it begins operating in April next year.
Philip Nothard has been appointed as the head of external relations at Cox Automotive.