Used Van Prices Set To Increase

Following the increase in price for used cars, used vans are also looking at a price increase this year.


Manheim Auctions reported a average 4.4% increase in used van prices in January 2010. Comparing the figures to February 2009 - the van prices in 2010 have increased by 49.5% and the average used van age at around the 4 year old mark.


The increases include - car derived vans, such as the Vauxhall Astravan or the Renault Kangoo increased by 9%, small panel vans such as the Volkswagen Caddy by 6.8%, large panel vans by 5.5% and large panel vans weighing more than 3 tons such as a long wheel base Renault Master increasing by 1.5%.


Alex Wright, Sales Director of Commercial Vehicles of Manheim Auction said:


“The continued increase in wholesale values has certainly lasted longer than expected and are a clear indication of strong demand and a relative lack of supply especially of young, low mileage vans.” he added:


“These vehicles will remain highly sought after, as extended lead times for delivery of new vans will drive many self employed buyers of new vans into the nearly new, used van arena.” “In addition, the decision by many fleets to defer placing replacement vehicle orders means that supply is likely to remain short until Q3. No doubt the strength and resilience of the wholesale van market will continue to drive demand and thus used values so I remain positive and upbeat about the wholesale market as the country embarks on slow and steady economic growth.”


Keep up to date with used car and used van prices by book marking us today.

15-Mar-2010
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