Wholesale Van Prices Continue To Rise Report Manheim Auctions
Manheim Auctions’ latest monthly reports shows that the average wholesale used van sale price has increased by 5.9% in August compared with the previous month making this the sixth consecutive month this year that average values have increased. This is all the more surprising given that the average age has actually gone up by one month to 54 months and average mileage is over 400 miles higher at 70,606.
Commenting on the August report, Alex Wright, Sales Director, Commercial Vehicles, Manheim Auctions said: “The recovery in wholesale used van prices in 2009 does appear to have picked up again. While we are now well into the seasonal period when values traditionally harden, this increase in August following a couple months of stability does come as something of a surprise. However we continue to see strong attendances both in the auctions halls and online with healthy bidding and high conversion rates suggesting that there is still underlying strength in the wholesale used van market.”
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