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Used van prices rise sharply in March

  • 29 April 2009
  • By 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.

Alex Wright, sales director, Commercial Vehicles, says the outlook for the used van market remains positive, because, historically, they have proven to be more stable through periods of economic uncertainty than cars.

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 online.

Manheim says that that 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 market (CDV) accounted for the biggest percentage of overall sales, but prices are around half that for vans over 3.0-tonne GVW.

In January, through CV Online, CDV prices averaged £2,298, that fell slightly in February to £2,213 before climbing to £2,547 in March.

 

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Article source: http://www.commercialmotor.com:80/latest-news/Used-van-prices-up-at-Manheim