The average wholesale used van sale price increased by 4.8% (£156) to £3,429 in September according to Manheim Auctions.

This is the seventh month this year that average values have increased.

Compared with September last year average wholesale used van prices are actually up by 19.3% (£554), despite the average age going up by three months to 56 months and average mileage is 1,674 miles higher at 73,092.

Alex Wright, sales director, commercial vehicles, Manheim Auctions, said: “This year we are selling vans faster and for more money as volumes have reduced by 13% compared with September last year. These stock shortages have helped drive wholesale used van values ever higher and dealers are working harder, in person and online, to secure the best stock.”