Large panel van values are up
in June, but car-derived vans drop back, says Manheim.
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Manheim Remarketing’s latest monthly
market analysis for vans reports that at £4,301 (€5,086), average
wholesale used van prices rose in June by just 0.3% (£11) compared
with the previous month.
Average prices have now risen in 10 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.
Examples of the increases in average
month-on-month values in June include large panel vans greater than
3.0% up by 2.5% (£108, to £4,461), buses up by 14.6% (£833, to
£6,532) and boxes and lutons up by 9.9% (£551 to £6,109).
Examples of the 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 less than 3%, down
by 1.7% (£68, to £4,014); and 4x4s down by 8.8% (£664, to
£6,846).
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By GlobalDataJames Davis, general manager, commercial
vehicles, said: “A note of caution must be applied 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 much more desirable, volume segments has
driven this overall increase in average price.
“With so much duplicate stock in the market and
a fall in enquiries and retail sales, trade buyers will prefer not
to tie up their cash in vans that need reconditioning for
retail.
“Consequently these buyers are being selective
and are picking the cleanest stock to fulfil orders or fill gaps on
their forecourts.”
