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Van values soar 14% year on year in “superheated” market

Values in the used commercial market are now 14% higher than a year ago in what auction house Manheim describes as a super-heated market.

Prices surged 5% compared to the previous month to £5,952 and ae now up 14% year-on-year.

Matthew Davock, Head of LCV at Manheim, said: “April’s strong performance once again points to a superheated market place.

“The results continue to exceed expectations and prove demand and buyer appetite for prime stock is still at a high, especially for vehicles in the £5,000-£5,999 and £8,000-£9,999 price brackets.”

Davock said ready to retail stock was in high demand and achieving above market values.

“Vendors should be aware that above average stock, with the right specification and less than 80,000 miles on the clock is achieving a 3-5% premium on top of current market guide measures as buyers compete for the best stock on the market,” he said.

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