Manheim Auctions’ latest monthly Van Market Analysis shows that, at £3,590, the average wholesale used van sale price increased by 4.7% (£161) in October compared with September.

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

Compared with October last year, average used prices are up by 28.8% (£803), all the more surprising given that the average age has also gone up by five months to 57 months and average mileage is 4,963 miles higher at 76,065.

Examples of the increases in average month-on-month values in October include car-derived vans up by 5% (£124 to £2,598), small panel vans up by 2.9% (£118 to £4,147), large panel vans less than 3.0-tonnes up by 6.6% (£214 to £3,475) and large panel
vans over 3.0-tonnes up by 0.9% (£32 to £3,540).

In addition, tippers were up by 10.4% (£367 to £3,892) and minibuses were up by 1.0% (£54 to £5,275).

Examples of vehicle segments that reported a decrease in value in October were boxes and Lutons, down by 3.5% (£128 to £3,558), and 4x4s, down by 1.1% (£67 to £6,228).

At 57 months, average age in October was up by one month compared with September while average mileage increased by 2,973 miles to 76,065.