Wholesale van values stabilise in June.

Manheim Remarketing’s latest monthly Market Analysis for Vans reports that, at £4,301, average wholesale used van prices rose in June by just 0.3% (£11) compared with the previous month.

Average prices have now risen in ten of the last 11 months. Compared with June 2009, average wholesale used van prices are actually up by 38.3% (£1,192) following a reduction in average age of three months and despite an increase in average mileage of 3,726 miles to 71,491.
 
However, Manheim’s general manager, commercial vehicles, James Davis noted that “care must be taken when looking at this month’s headline rise.  As conversion rates have hardened, due to both seasonality and an increase in supply, the contribution made by the smaller – and arguably more desirable – volume segments has driven this overall increase in average sale prices.”

Examples of the increases in average month-on-month values in June include large panel vans greater than 3.0t up by 2.5% (£108 to £4,461), with boxes & lutons up by 9.9% (£551 to £6,109). Examples of falls in average values include car-derived vans down by 7.3% (£220 to £2,772), small panel vans down by 0.6% (£27 to £4,596), large panel vans under 3.0t down by 1.7% (£68 to £4,014) and 4x4s down by 8.8% (£664 to £6,846).