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‘Superheated’ van market on track to smash seasonality, says Manheim

By / 4 months ago / News / No Comments

A “scorching” van marketplace could buck the seasonality trend this summer, reaching its strongest level on record, according to Manheim.

On average, vans sold at Manheim in June were four months younger than a year ago.

Reporting ‘superheated’ levels of demand, the van auction specialist said that it saw the average selling price for vans sold at its auctions rise by 8.5% year-on-year in June, to £5,121.98.

Average selling price also rose 1.5% against May 17 as a result of a predicted summertime fall in de-fleeted volumes – overall volumes reduced by 12% in June with a year-on year reduction of 4% against May 16.

On average, vans sold at Manheim in June were 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. However, since January the firm says its average age and mileage continues to rise month on month.

Matthew Davock, head of LCV at Manheim, said: “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.”

But Davock said that the month-on-month volume levels are proving very difficult to predict what will happen next, following record de-fleeted volumes during Q1, followed by a 27% less volume when comparing Q2 against Q1’s market place.

He added: “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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Natalie Middleton

Natalie has worked as a fleet journalist for 14 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie works across the magazine portfolio and updates the company websites with daily news, interviews and road test content.