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.
BCA said in the past year, values have risen by £2,422, equivalent to a 32% uplift.
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.
Independent used car and van retailer Motorpoint has sold 40 Ford Transit Custom vans to building firm M&J Evans Construction.
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.
Prices for used vans are expected to rise in the coming weeks as new vehicle supply is affected by the global semiconductor crisis.
The average monthly value across all LCVs rose above £9,000 at BCA in January.
BCA has recorded the third highest average monthly value and the second highest sold monthly volume since the onset of the pandemic in March.
Average LCV values at BCA rose from £7,709 in August to £7,994 in September, a 3.7% rise and the second highest value recorded since lockdown.
The booming home delivery market has led to increased demand for retail-ready used vans by dealers.
Cap HPI says that the used van market remained strong in September across the majority of sectors with average values up by 3.6%.
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.
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).
Demand for used vans is expected to increase in the coming months as fleets look to replace tired vehicles, according to Aston Barclay.
Average values for used light commercial vehicles (LCVs) rose across the board during January 2020, according to BCA’s LCV Pulse report.