Key indicators for July demonstrated positivity in the market, with an increase in the total volume sold by +17%, 1st time conversions improving by circa 6% with three out of four vans selling first time, and average selling prices increasing up to £9805 for the month. There have also been notable movements in guide values going into August which should continue to help drive the market and demand.
While demand remains healthy, available stock reached new highs for age and mileage, largely due to an influx of pandemic-worn vans being returned to the market. LCV mileages reached their second highest point of the year during May, with returned vans having an average of 88,679 miles on the clock, at 65.2 months old. Compared to the same period in 2021, vans are on average three months older, and with 15,370 more miles on the clock today at Manheim
November 2021 demonstrated several key milestones, in what has been a year like no other for the LCV market at Manheim. Most notable of which, was a return to four-figure average used selling prices, ending five consecutive months above the £10,000 price barrier. The average van mileage recorded by Manheim continued at levels not seen for over a decade, reaching 1,420 more miles compared to October to the highest point of 2021, at 86,875 miles. The first-time conversion rate remained identical to October’s recording of 77%.
The past 12 months have seen the most significant upward realignment of used van values in living memory. Across Manheim Auctions, used van demand is continuing to increase and auctioneers are having to react pro-actively to value vehicles in an attempt to move damaged and high mileage stock at first time of asking - in order to maximise wholesale availability.
CV auction company reports a slight fall in volume - down 1.5% year-on-year - while the average selling price held steady at £6,009.
Four year deal will see 32,000 cars and LCVs pass through auction house, extending a partnership that goes back 17 years.
As new emission zones start up, single van operator’s costs could double to £2,500 and, for a small fleet of 5 vans and 1 truck, triple in size to £56,000 over a 12-month period.
James Davis THE judging expertise of the Business Van of the Year awards panel has been boosted by the addition of two experienced professionals to work under the guidance of chair Dave Bowen, managing director of BT Fleet. The eight award categories are: Best Small Delivery Van Best Small Trades Van Best Large Trades Van Best Heavy Van [...]
MANHEIM has announced that its fortnight of 50th birthday celebrations for the Transit have raised an impressive £14,050! From the 3rd until the 14th August, each of Manheim’s commercial vehicle auction centres pledged £10 for every Transit sold, with £5 donated to Macmillan Cancer Support, a charity long-supported by Ford UK and £5 going to the Manheim Foundation. In those [...]
IN the market for a five-year old Ford Transit? Fancy helping raise some money for charity at the same time? Well, Business Vans hopes you made it down to Manheim’s Haydock site to buy this Ford commercial! Why? Well, you’ll have already read about how Manheim, the UK’s number one commercial vehicle auction company, is celebrating the Ford Transit’s 50th [...]
IN case you hadn’t realised, despite all the press at the moment, the Ford Transit is 50 this year. Anyway, Manheim, the UK’s number one commercial vehicle auction company, is marking the iconic Ford commercial’s 50th birthday, by calculating it has sold over 500,000 used examples since its launch. Since 2007 alone, Manheim has sold over 84,000 Transit vans, with [...]
COMPARED to May, used van prices rose by 5.7% (£259) in June, while volumes were up by 38% over the same period in 2014. This is according to the UK’s number one commercial vehicle auction company, Manheim, who saw a record number of vans in its sales in June, which was a strong month for average selling prices and conversion rates. [...]
Van auction centres have seen a rise in the number of sales and their associated value AVERAGE values within the CV sector increased by 2% throughout January 2015, according Manheim. Compared with December 2014, the average van value at auction rose by nearly £100; showcasing the ongoing buoyancy within the market. The increase in value coincides with a [...]
Van sale prices increased in August by 15% over the past year THE used van market shrugged off seasonal apathy usually seen in August to push average prices at auction up by more than 15% over the past year, according to Manheim. In August average LCV prices reached £4,701, an increase of £111 compared to July. While car [...]
It's all the fault of the recession. In the late norties nobody was buying new vans, so now you can't find a used one USED van buyers are finding it hard to find large panel vans for their businesses. Van reseller Manheim says that a 'chronic lack' of larger panel vans in the market is driving buyers into [...]
