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Manheim reports significant surge in online used van prices in March
Page 53
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U ed van values are up for the third consecutive month, rising by 3.6% to £823 and Manheim says online sales are faring particularly well.
Words: Kevin Swallow
THE AVERAGE wholesale price for a van rose for the third month running — this time it was up 3.6% in March, against February, to £2,823, says Manheim Auctions.
ex Wright, sales director, Conthercial Vehicles, says the ou ook for the used van market is positive, because, historically, it has proven to be more stable through periods of economic uncertainty than the car market.
While comparisons against prices achieved 12 months ago show grim reading prices are down 20.8% or £743 — there is one area where things are going from strength to strength, and that is Manheim says that the average selling price through CV Live is up £451 (12.7%) during March. It comes, says the auction house, despite an increase of two months in average age and a fall of only 131 miles in average mileage. The biggest sector is vans over 3.0 tonnes. That accounts for 26% of sales. In March, these fetched £4,549, up £1,117 against the same category in February This is a shift, because in the opening two months of the year, the car-derived van (CDV) market accounted for the biggest percentage of overall sales, but prices are around half that for vans over 3.0 tonnes GVW.
In January, through CV Online, CDV prices averaged £2,298; they fell slightly in February to £2,213 before climbing up to £2,547 in March.