The sale of 13,000 of the 15,000 cars and vans run by collapsed rental provider, 1car1, has been completed in just under five weeks through the country’s main auction companies.

Despite the rapid sale of so many extra used vehicles, there appears to have been no discernable impact on values.

The vehicles were returned to 1Car1’s funders - believed to be made up of a dozen banks - who then immediately entered them for sale.

Manheim, which handled a significant number of the sales, said the minimal impact on used vehicle values was thanks to a well-managed process, which involved dispersing the vehicles across the country to ensure there was no oversupply of one particular model at one auction.

The situation was also helped by strong demand for used stock which has been evident for the past three months.

Such has been the recent demand for nearly new vans that, according to a Manheim spokesman, the arrival of the late-plate, low mileage 1car1 vans, which were all de-liveried before sale, provided some welcome relief for buyers.

“These low-mileage vans have been achieving good prices,” he said.

“We worked with the vendors to ensure no vehicles were ‘dumped’ and therefore there has been no negative impact on the market.”

BCA and Wilsons also handled the sale of several thousand 1car1 vehicles.

The remaining 2,000 are expected to be sold within days, marking the final nail in the coffin of the rental company.