Record average van selling price for Manheim

Commercial Motor
January 15, 2018


Manheim saw a record average van selling price of £5,398 at its auctions during the eight-week period covering November and December 2017.

The company also said 86% of LCV sales during November and December attracted an online bid, with 38% of all vans sold to an online bidder during this period.

Also, in the last two months of the year, vans sold by Manheim had an average age of 59 months - three months younger than the same period in 2016.

Matthew Davock, head of LCV at Manheim (pictured), said: "Against the pressure of a record breaking 2016, and an expected market decrease in volumes, 2017 figures have been incredible. We have reported an annual growth of 5% for our overall sold volume, and our van buyer base has also grown by a further 18%, extending our industry leading position in the van remarketing arena.

"As predicted in our Q4 outlook, both average age and mileage figures increased as we approached the end of the year, yet our average sale price continued to exceed expectations.

"In addition, and despite the decrease in volumes as we headed into the final months of the year, performance and overall first-time conversion rates were both staggering and is further proof of a healthy marketplace."

Davock said he is confident in the robust nature of the used van market and that the outlook remains positive.

He added: “As we enter 2018, I don't think we'll see the abnormal spikes of previous years, and de-fleeted stock numbers will continue as normal in January.

“The lower volume and lower duplication of stock will further fuel both buyer and vendor appetite to purchase, leading to a much healthier marketplace."

  • Are you in the market for a used van? We have hundreds available from dealerships across the country. Visit our dedicated stock pages to find the right one for you.

 

 

 

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Commercial Motor

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