 Used Van Prices Continue to Increase
Manheim Auction’s latest monthly Van Market Analysis reports that, at £3,125, the average wholesale used van price was up 1.8% (£55) in May compared with April.
That was the fifth consecutive monthly increase in average wholesale used van prices following rises of 5.5% in January, 1.8% in February, 3.6% in March and 8.7% in April. Although the underlying trend is for a continuing strengthening of values, compared with 12 months ago average wholesale used van prices were down by 5.4% (£177). Average age was four months lower at 52 months and average mileage 4,849 miles lower at 66,710.
 Commenting on the May report, Alex Wright, Manheim’s Sales Director for Commercial Vehicles, said: “The recovery in wholesale used van prices in 2009 is slow but steady. The increase in average values in May confirms the continued strength of the recovery in wholesale used van prices at a time when prices would be expected to fall in line with seasonal norms.
“As we enter the summer months, I believe values will now begin to stabilise but there may still be some upward price movement in specific vehicle segments while demand remains healthy.”
  
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