BCA is reporting that average values for used light commercial vehicles improved at BCA in August as sold volumes continued to rise.
The used van market shows no sign of slowing down, with record prices being predicted for the rest of 2020 and into 2021.
Manheim has recorded another record-breaking LCV sales performance in August, bucking the traditional seasonal slowdown and setting an all-time average selling price record.
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.
Pent-up demand for used vans reduced stock levels to a point where prices rose by between 30-40% in June, reports Shoreham Vehicle Auctions (SVA).
Average values for used light commercial vehicles (LCVs) rose across the board during January 2020, according to BCA’s LCV Pulse report.
The average end of contract (EOC)charges for vans increased by 12% over the past 12 months, from £376 to £420, according to the latest data from the FN50.
Manheim is celebrating a record-breaking £6 million in HGV sales in 2019, following a programme of investment in its dedicated HGV Hubs.
Average values improved by £227 (3.2%), year-on-year, for light commercial vehicle values at BCA in November, 2019.
Increased volume met strong buyer demand at Manheim in October as 84% of LCVs sold first-time.
Fleet and lease LCVs averaged £7,644 at BCA in August 2019, a fall of £325 (4.1%), month-on-month.
Powertrains are as important as the condition of the vehicle, but consider how cool it is to spec an air-con
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.
Air conditioning has ensured LCV values continue to soar, increasing by up to 40%.
A fleet of used Nissan E-NV200 electric vans achieved 116% of their CAP value at Manheim’s annual pop-up commercial vehicle auction for Hitachi Capital Vehicle Solutions.
The new standard has been created to coincide with the launch of the Vanbase supermarket in Bristol this month.
Rising average age and mileage of fleet and lease LCVs saw their average values fall by 2.2% at BCA sales in May.
Greenhous Fleet Services presented with Enterprise Award of Excellence for three years of fleet storage provision.
Manheim’s inaugural HGV drive-through-auction at Bruntingthorpe proved a big hit with buyers last week, by achieving sales close to £1million.