Van values rise 1.7% in January

Manheim Remarketing’s latest monthly Market Analysis for Vans reveals that average wholesale used van values rose by 1.7% (£71) to £4,138 in January.

The average age remained static at 50 months, but average mileage was up by 3,073 to 73,629 miles. When compared with January 2010, average values are 7.6% (£294) higher, average age is five months lower and mileage is down by just 395 miles.

Most of the volume vehicle segments recorded increases in value when compared with December 2010. Average values of car derived vans increased by 3.5% (£90) to £2,650, small panel vans rose by 3.3% (£130) to £4,025 and large panel vans less than three tonnes rose by 5.4% (£204) to £3,998.

Tim Spencer, group commercial vehicle auctioneer, Manheim Remarketing, said: “As we move into February the used commercial vehicle market is looking very strong. There is still a large amount of stock at auction and conventional wisdom is that this would slow the market down. However, as predicted at the start of the year, there is demand for just about every sort of vehicle.”