Used van values increased by 3.8% in April, according to Manheim

Manheim’s latest monthly market analysis for vans reveals that average wholesale used van values increased by 3.8% (£159 to £4,295) in April.

Overall average age remained at 60 months and average mileage was down 2,057 miles to 80,422. When compared with April 2011, average values were 11.5% (£443) higher, average age was seven months higher and mileage was up 5,327.

Looking at specific sectors, Manheim reports that average values for Car Derived Vans remained static at £2,768 while values in most volume segments increased during April.

Small Panel Vans rose 2.1% (£85 to £4,157), Large Panel Vans <3.0t were up 3.4% (£136 to £4,160) and Large Panel Vans >3.0t were up just 0.4% (£19 to £4,512). Meanwhile 4x4 values fell 2.1% (£159 to £7,473).

Tim Spencer, commercial vehicle auctioneer at Manheim, said: “As we move into the traditionally quiet summer months the market is beginning to show signs of toughening up. Many buyers do not expect to see stability return to the market until September with some peaks and troughs in the months to come.”