Used van prices rise again
Manheim Remarketing’s latest monthly market analysis for vans reports that, at £4.013, average wholesale used van prices rose by 4.4% (£169) in January compared with December 2009.
Average values have now increased in all but two of the last 13 months. Compared with February 2009, average wholesale used van prices are actually up by 49.5% (£1,329).
Examples of the increases in average month-on-month values in February include:
- Car-derived vans up by 9% (£241 to £2,919)
- Small panel vans up by 6.8% (£289 to £4,513)
- Large panel vans under 3 tonnes up by 5.5% (£198 to £3,775)
- Large panel vans over 3 tonnes up by 1.5% (£61 to £4,130)
At 54 months, average age in February was down by one month compared with January, while average mileage was also lower by 128 miles at 73,896.
Alex Wright, the company’s sales director for commercial vehicles, said: “The continued increase in wholesale values has certainly lasted longer than expected – a clear indication of strong demand and a relative lack of supply, of young, low-mileage vans especially.
“These vehicles will remain highly sought after, as extended lead times for delivery of new vans will drive many self-employed new van buyers into the nearly-new arena.
“In addition, the decision by many fleets to defer replacement vehicle orders means that supply is likely to remain short until Q3. No doubt the strength and resilience of the wholesale van market will continue to drive demand, so I remain positive and upbeat about the wholesale market as the country embarks on slow and steady economic growth.”
  
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