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Average commercial vehicle selling prices down for November but up YtD

While average selling prices softened slightly compared to October, decreasing by £241, they were still significantly above those seen in the first half of the year, with conversion rates being recorded at their third highest level of 2016 so far.
Meanwhile, year-on-year commercial vehicle volumes were up 19.7%, with conversion rates 12% higher and average selling prices 8.3% (£396) above those in the same month of 2015.
The average age of vans in November was 65 months, an increase of two months compared to October, while average mileage was 75,926, a drop of 3,000 miles. Year-on-year, vans sold were two months younger, with 2,000 fewer miles on the odometer.
Online performance continued to strengthen, with 32% of all vans selling to online bidders, up 6% from the same month in 2015, with 71% receiving at least one online bid. Overall attendance online is up by 29% year-on-year.

Matthew Davock, head of LCV at Manheim, added: “We are expecting December to be another month of growth from a volume perspective, with many vendors confirming that they will be selling up to the last week of the year – completely different to this time last year, when vendors were holding onto stock for January.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 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. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

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