Tag Archives: vans

Average wholesale used van values rose 8.2 per cent to £4,156 in June, higher than at any time since June 2010, according to Manheim Remarketing. The increase was due in part to a fall in average age of three months to 54 months and in average mileage of 2,484 to 73,578 miles.

Prices of nearly new vans rocketed in May, up 14.6 per cent compared to April, according to BCA. The auction house said there was exceptional demand for nearly new vans with an average Cap performance of 108.4 per cent.

The first “tangible signs” of price pressure and falling demand in the used commercial vehicle market were recorded in April, according to data from auction house BCA. Figures for April show that average values fell just over 5 per cent compared to March, while sold volumes declined significantly by over 31 per cent, month on month.

Average wholesale used van values fell by 2 per cent to £3,944 in March following a 2.8 per cent fall in February. When compared with March 2010, average values are 6.9 per cent lower.

New van and truck sales rose 32.5 per cent in November to 22,834 units and year-to-date sales are ahead 15.7 per cent to 237,113 units. Van sales rose 26.1 per cent to 19,128 units in November and year to date are ahead 19.4 per cent to 219,966 units. Truck sales rose 79.6 per cent in November to 3,706 units but year to date are down 4.2 per cent, indicating the late recovery in that segment.

Auction houses have been flooded with year-end excess stock of LCVs.

Conversion rates for vans continue to fall at auction with retail interest and footfall in decline. There has also been a “significant increase” in wholesale van volumes, particularly of vehicles less than three years of age coming to market, according to Manheim Remarketing.

LDV is seeking "urgent" talks with the government, seeking assistance as the company extends the shutdown of its Washwood Heath plant into February.

Falling commercial vehicle residual values have contributed to an almost halving of half-year profits for Northgate, the publically listed van rental giant.

The migration of workers into the UK has improved used van sales, according to leasing company Lex.