Manheim has reported the average selling price for vans sold in June rose by 8.5% year-on-year, to £5,121.98.
While year to date volumes at Manheim are up 14% against 2016, June volumes were down by 12%, driving up values as Matthew Davock, head of LCV at Manheim, explained, “Overall performance in June was very encouraging and when comparing month on month and year on year statistics this further demonstrates we are witnessing a super-heated market place in what historically can be a challenging period.”
Manheim’s June Van stock was four months younger than a year ago, with an average age of 61 months and average mileage was down 4.3% year-on-year to 76,934. 2017 has seen record de-fleeted volumes during Q1, followed a 27% decline in volumes in Q2.
Davock concluded, “Feedback from our buyers in June was mainly positive, many reporting good retail activity with June being the strongest retail month of Q2 when compared against a reported slower April and May period. As we enter July the market place remains positive and I predict de-fleeted volumes to be similar to June. If retail activity continues as expected this will further fuel what could be the strongest and very much super-heated summer market place on record.
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