AVERAGE values within the CV sector increased by 2% throughout January 2015, according Manheim.
Compared with December 2014, the average van value at auction rose by nearly £100; showcasing the ongoing buoyancy within the market.
The increase in value coincides with a sharp upturn in the number of CV vehicles going under the hammer at British auction centres
The increase in value coincides with a sharp upturn in the number of CV vehicles going under the hammer at British auction centres.
January 2015 saw 30% more vans at auction in comparison with the same month of last year. There was also an increase in the number of desirable three-to-five year old stock models entering the market; a trend Manheim predicts to continue throughout the first quarter of 2015.
While there has been a rise in three-to-five year old stock, as a percentage of the total mix, January 2015’s report shows that there is still a good combination of newer and older stock in the wholesale van market. Looking at the figures in more detail, 34% of car derived vans sold had an average age of 92 months, while a further 28% averaged 41 months. The small van sector followed a similar pattern; 47% of those had an average age of 100 months, with a further 24% having an average age of 42 months. This pattern was repeated across the portfolio, giving January’s market two tiers and reiterating the fact that ageing stock still has an active role to play in shaping market conditions.