Used Nissan E-NV200s exceed CAP value at auction

A fleet of used Nissan E-NV200 electric vans achieved 116% of their CAP value at Manheim’s annual pop-up commercial vehicle auction for Hitachi Capital Vehicle Solutions.

With an average mileage of 11,000 and an average age of 49 months, the CAP average value for the vans was £10,975 vs £6,000 for an equivalent diesel variant. The hammer values at the auction averaged £12,750 - more than double (214%) that of an equivalent diesel engine model.

Matthew Davock, director of CV at Manheim, said: “With the London ULEZ now live and an increased awareness of the planned clean air zones, we are seeing pent up demand for used electric vans. This outstanding result proves the confidence in the used market for the proven technology. However, with only around 6,500 electric vans registered in the UK, these are a drop in the ocean of the 4.3 million vans on UK roads.”

The July sale delivered a record-breaking £1.2m total sales. Held at Hitachi’s head office in Trowbridge, nearly 250 buyers participated in the auction, achieving 106% of CAP average and 98% sale conversion on the day. 

Hitachi Capital Vehicle Solutions is a partner to the recently launched multi-million-pound Ofgem Optimise Prime project. It is led by global data technology solutions provider Hitachi Vantara and electricity distributor UK Power Networks.

As the world’s largest EV end-to-end trial, its aim is to deliver the steps required to accelerate EV take up in the UK across a variety of business operations. Over the next three years, up to 3,000 electric vehicles from Centrica, Uber and a large UK depot-based parcel carrier will take to the roads. They are supported by distributor Scottish and Southern Electricity Networks, Hitachi Europe and Hitachi Capital Vehicle Solutions.

The Nissan E-NV200 has a 40kWh battery, giving a range of 124 miles. It has a maximum payload of up to 705Kg.