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.
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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.
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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.
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.
BCA’s specialist LCV Pulse report showed average values for used light commercial vehicles rose during January 2019 at BCA.