The average value of 4x4 pick-ups has hit £6,204, 48.3% (£2,023) higher than in February 2009, according to Manheim.

This represents the highest recorded value for 4x4 pick-ups since Manheim began its monthly reporting on the wholesale used van market in 2006.

The previous highest average monthly value recorded was £5,574 set in September 2007. Values in the overall wholesale van market were also up by 21.9% (£589) over the same period.

The significant rise in average values, while influenced in part by an increase in the volumes of late plate, low mileage 4x4 pick-ups in recent months, has been driven primarily by a recovery in values of models over 24 months old, say Manheim.

“This significant recovery in used values in the 4x4 pick-up segment in the past six months is a trend that we have been expecting, following the dramatic fall in used wholesale values in the first half of 2008,” said Alex Wright, sales director, commercial vehicles, Manheim Auctions.