Manheim Reports Healthy Used Van Market
Manheim Auctions’ latest monthly Van Market Analysis reports for July ‘09 average wholesale used van sale prices are down just 0.6% compared with the previous month. Although this is the second month in which average values have fallen following five consecutive month-on-month increases in average wholesale used van prices the falls are minimal. This latest report highlights that values of vans more than two years old were largely in line with the overall market with a fall of 0.7%
Commenting on the July report, Alex Wright, Sales Director, Commercial Vehicles, Manheim Auctions said: “The early recovery in wholesale used van prices in 2009 does appear to have flattened out. We are now well into the seasonal period when values traditionally harden. This period usually begins as early as May yet throughout June and July we have seen consistently strong attendances both in the auctions halls and online with healthy bidding and high conversion rates. The marginal fall in average wholesale used van values of just 0.6% in July, following a fall of 0.5% in June, leads us to believe that there is still an underlying strength in the wholesale used van market.”
Examples of the increases in average month-on-month values in July for vans more than two years old included Car Derived Vans up by 1.9% (£38) to £2,014, Large Panel Vans < 3.0t up by 8.9% (£229) to £2,800 and Buses up by 4.0% (£169) to £4,375. Not all vans more than two years old went up in value in July with Car Vans down by 5.8% (£110) to £1,795, Fridges down by 3.0% (£83) to £2,667 and Boxes and Lutons down by 3.8% (£144) to £3,621.
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