Manheim is celebrating a record-breaking £6 million in HGV sales in 2019, following a programme of investment in its dedicated HGV Hubs.
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.
Increased volume met strong buyer demand at Manheim in October as 84% of LCVs sold first-time.
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Manheim continues its LCV growth.
The UK’s heavy good (HGV) market rose by 46.3% in the second quarter of 2019, with 15,605 units registered, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
Manheim recorded an 8% increase in LCV volume year-on-year, with higher numbers of daily rental and fleet and leasing vehicles available at auction.
Manheim’s inaugural HGV drive-through-auction at Bruntingthorpe proved a big hit with buyers last week, by achieving sales close to £1million.
Manheim has secured a preferred supplier remarketing partnership with Zenith until 2021.
Manheim revealed it will move from the current monthly HGV online auction to a hybrid weekly programme, with alternating physical and online auctions.
Strong demand kept values of vans sold at Manheim in February steady, according to the remarketing company’s latest figures.
Demand for used vans remained strong in February, with 82% selling first time – up 1% on January 2019 – says Manheim.
More than half of the vehicles currently operating in clean air zones do not comply with pending emissions standards, research from Masternaut has found.
The used LCV market enjoyed a strong start to the year, according to figures released by Manheim today.
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