February is usually one of the quietest months for sales, but this year the picture looks different. Dean Bowkett reports.
Christmas is just a few days away, but for several weeks now its impact has been felt in the used light commercial vehicle (LCV) market, Dean Bowkett reports.
Approach of Christmas is expected to boost LCV sales as home deliveries demand increases, Dean Bowkett reports.
It will see the commercial vehicle auction company remarket 7,000 vehicles for Network Rail over three years on a sole supplier basis.
Manheim set new records in August with a 10.5% year-on-year increase in average van sale values.
Uncertainty following the general election created patchy buyer activity for used vans in May but BCA and Manheim Auctions reported improved average sale prices year-on-year.
An offsite auction run by Manheim of Hitachi Capital Vehicle Solutions commercial vehicles set new online remarketing records.
The average used van sale price at vehicle auction company Manheim rose 7.3% year-on-year in May to £5,040.
Calling of snap general election also had some impact though not as much as the EU referendum.
Buying on the net hits record levels at BCA and Manheim, close to 40% and 34% respectively
Manheim has sold a 1988 Ford Transit Mark 3 for what it understands to be a record-breaking price of £10,300.
Conversion rates for van sales in March at Manheim increased by 3% from February, despite a 6% increase in volume, and were also up significantly year-on-year.
Manheim saw the overall volume sold at its van auctions rise 18.1% year-on-year in February, while average selling prices increased 12.6% over the same period to £5,443.
In January, Manheim recorded a 24% increase in vans offered from the same period in 2016.
Manheim has launched a weekly truck and trailer auction at its dedicated site in Coventry.
The average selling price of vans sold at Manheim in December was £5,401, a rise of 15.7% year-on-year and 4.2% from November.
The LCV market continues to go from strength to strength and October did not disappoint.
Manheim is to adapt its six-acre site in Coventry to become a dedicated auction centre for HGVs, and is set to open in January 2017.
Commercial vehicle sales have remained strong this summer, reaching record prices against guide in July, according to Manheim.
Manheim Commercial Vehicles has broken records for vehicles sold, conversion rates and online sales in the first half of the year.