Latest Van News
Monday 29 May 2017

Manheim sees used van value rise in July

Manheim Van Auction RistrumManheim Remarketing saw record CV volumes go through its auction halls in July 2015 with a 45 per cent increase year-on-year, and average selling prices up 1.6 per cent (£75) from June 2015. The average age of vans sold remained at 65 months, while average mileage was down 2.2 per cent from June to 78,328 miles. Average mileage for vans sold to online buyers was even lower at 73,721 and they were also younger, averaging 62 months.

The car-derived and small panel van sectors set the pace in the auction halls once again in July, with as much interest in older higher mileage vans as younger ex-rental stock. Of all CDVs sold, 42 per cent had an average age of 93 months, achieving an 18 per cent increase in average selling price compared to June. In the small panel van segment, 36- to 48-month old stock, which made up 20 per cent of overall volume, recorded a three per cent increase in average selling price.

July saw a reduction in older stock aged 60 months or more in the large panel van sector, with seven per cent less sub-three tonne volume and nine per cent less 3+ tonne volume in this age bracket.

Manheim Auction Vauxhall Vivaro“July was a great month for Manheim CV vendors and buyers alike, with great stock both in-lane and online, with an increase in conversion rates and days in stock down by 10 per cent from the previous month,” said Matthew Davock, head of LCV at Manheim. “Buyer confidence was underlined by a record 28 per cent of all commercial vehicle volume being sold through Simulcast, our online bidding platform. Many buyers were on holiday, but were still able to purchase stock through our platform, in which there is clearly a lot of faith from Manheim CV customers.”

James Davis, director of Commercial Vehicles at Manheim, commented: “Auction representation to our buyers was incredibly important in July and many of our vendors witnessed stronger results through increasing their level of engagement around talking to buyers and understanding the wider scale of the CV business. High standards of auctioneering also played an important role during July, with the best auctioneers in the country using all their skills and experience to produce record results during a usually hard-selling month.”

remarketing-home-page


Related Articles
Hitachi Transit for Manheim charity auction
Ford Transit 50th birthday marked by Manheim
Manheim Colchester sets new CV record

VansA2Z editor Neil McIntee met up with Manheim Remarketing's director of Commercial Vehicles James Davis and head of LCVs Matthew Davock at the massive four-lane auction centre in Colchester.Davis talks about what Manheim has been doing to celebrate the Ford Transit's 50th birthday while Davock gives his from-the-rostrum view of how the used van market performed in the first half of 2015…

VansA2Z Site Features

Van Comparator

VansA2Z Advertising — Call 0845 388 8267

Articles By Manufacturer
 
NewsletterButton

VansA2Z Advertising

 

VansA2Z Advertising

VansA2Z Advertising

Advertise your Business Here
Call the VansA2Z Advertising team on

0845 388 8267

VansA2Z Advertising

Advertise your Business Here
Call the VansA2Z Advertising team on

0845 388 8267

Newsletter Page Peel

We use cookies to improve our website and your experience when using it. Cookies used for the essential operation of the site have already been set. To find out more about the cookies we use and how to delete them, see our Privacy Policy.

I accept cookies from this site

EU Cookie Directive Plugin Information