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.
The average wholesale price of a used van sold at Manheim increased by 3.2% in June, despite reports that retail demand is softening.
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.
Used van prices sold through Aston Barclay rose 4.2% (£255) to £6,204 in Q3 – an increase of 26% compared to Q1.
The used van market shows no sign of slowing down, with record prices being predicted for the rest of 2020 and into 2021.
Used van prices have reached an all-time high in July as demand for used stock increases among buyers.
Manheim says a lack of wholesale supply is not driving current van demand to record levels, with June’s volume only 12% down year-on-year.
National Windscreens has appointed Nigel Paling as commercial and service director.
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.