According to Manheim Remarketing, values were up £146 (3.8%) to £4015 while average age increased by three months to 58 months and mileage went up by 3800 miles to 79,671.
Year-on-year average values fell 2.7% (£111) but average age was seven months higher and mileage was up by a substantial 9112 miles.James Davis, Manheim’s commercial vehicle boss, said: “Conversion rates have jumped with several sales experiencing 100% conversions.The market is fuelled by the lack of de-fleet volumes in the pipeline awaiting sale and year-on-year sold volumes were down 15% in September, the first clear sign of the reduction in stock.”
Davis added that a year ago the auction halls were starting to be filled by the significant number of vans coming to market following a series of high profile fleet and business collapses, which would influence year-on-year value comparisons for the rest of this year.
Manheim reported car derived vans were coming to market older but with reduced mileage, which Davis attributed to the influence of “highly desirable stock from utility fleet replacement programmes”.
Small panel vans, despite month-on-month rises in both age and mileage, have also seen sales prices stabilise.“These vehicles are a clear barometer of small business users buying used vans,” Davis said.In the large van sector, Manheim found that mileage had climbed from 85,000 in April to over 102,000 in September while average age remained at 53 months.
“This demonstrates that vans sold in this segment have been worked harder and travelled more miles in less time,” said Manheim’s CV auctioneer Tim Spencer. “typically the daily rental fleet replacement programmes play a key part in this trend as do contract extensions.”
