Manheim’s monthly Van Market Analysis reports that, at £3,125, the average wholesale used van sale price was up 1.8% (£55) in May compared with April. This is the fifth consecutive monthly increase in average wholesale used van prices following the rise 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, when compared with 12 months ago average wholesale used van prices were still down by 5.4% (£177) with average age four months lower at 52 months and average mileage 4,849 miles lower at 66,710.
Examples of the increases in average month-on-month values in May for vehicles more than two years old included Car Vans up by 9.9% (£178) to £1,978, Large Panel Vans > 3.0t up by 5.5% (£146) to £2,785, Buses up by 23.0% (£876) to £4,692 and 4×4s up by 5.8% (£300) to £5,493. In contrast the falls in average month-on-month values in May included Small Panel Vans down 1.3% (£45) to £3,348, Large Panel Vans < 3.0t down by 9.2% (£265) to £2,624 and Tippers down by 6.8% (£226) to £3,116.
Average month-on-month values for the vehicles of less than two years also experienced mixed fortunes. Large Panel Vans <3.0t rose by 13.3% (£782) to £6,670 however Car Derived Vans fell by 3.1% (£136) to £4,211, Large Panel Vans >3.0t fell by 8.0% (£674) to £7,703 and 4×4s fell by 8.9% (£900) to £9,242.
Commenting on the May report, Alex Wright, Sales Director, Commercial Vehicles, Manheim Auctions said: “The recovery in wholesale used van prices in 2009 is slow but steady. The increase in average values by 1.8% (£55) 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 that values will now begin to stabilise but there may still be some upward price movement in specific vehicle segments whilst demand remains healthy.”
Tags: manheim, Van Auction, van prices