Manheim: used van prices still increasing
Used van values continued to increase in
January 2010, Manheim Auctions said.
The vehicle auctioneer’s latest monthly
analysis shows that van prices increased by 4.1 percent (or £150)
to £3,844 compared with December 2009.
This is now the sixth consecutive month that
average values have increased, Manheim said.
Compared with January 2009, average wholesale
used van prices are up by 46 percent (or £1,210) with average age
up by two months to 55 months.
Manheim Auctions’ CV sales director Alex
Wright said: “Despite the economic environment, the used van
marketplace has stayed robust and the outlook for 2010 remains very
positive.
“While business confidence is slowly beginning
to return, new commercial vehicle registrations are unlikely to
recover before the plate change in September and it will be smaller
vans that are expected to recover first.
“This will result in the continued shortage of
supply which should keep used values high for the next six months,”
Wright said.