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Demand for nearly new vans continues to shore up prices at auction, according to Manheim Remarketing.
Average values have now increased in all but two of the last thirteen months. Compared with February 2009 average wholesale used van prices are up 49.5 per cent or £1,329.
Alex Wright, sales director, commercial vehicles, Manheim Auctions, said the continued increase in wholesale values had lasted longer than expected and was a “clear indication” of strong demand and short supply.
“These vehicles will remain highly sought after, as extended lead times for delivery of new vans will drive many self employed buyers of new vans into the nearly new, used van arena.
“In addition, the decision by many fleets to defer placing replacement vehicle orders means that supply is likely to remain short until Q3.
“No doubt the strength and resilience of the wholesale van market will continue to drive demand and thus used values.
“I remain positive and upbeat about the wholesale market as the country embarks on slow and steady economic growth.”