Manheim recorded its largest combined volume of LCV and HGV units sold in a month since the start of 2015, including the highest monthly figure for HGVs sold for the past three years.
Commenting on the performance, Matthew Davock, head of LCV at Manheim, said: “In June, we saw our highest sold volume for vans in the past 11 months, with 79% of units receiving an online bid and 30% of units ultimately being sold online. The average selling price of vans at our auctions continued to increase, up £20 from May and nearly £140 year-on-year, despite no change in age and mileage.”
The online sales trend seen in June reflects the first half of the year as a whole, which saw 31% of all vans sell to Manheim’s online buyers. The 77% first time conversion rate also reflected the 79% first time conversion rate achieved from January to June.
Manheim’s HGV auctions in June recorded the highest sales volume since 2013, with 91% of all units receiving an online bid and a record-breaking 59% of vehicles selling online. Despite average mileage increasing by more than 10% year-on-year, the average selling price increased by more than £1,200.
“We have achieved exceptional results for our customers so far this year, and are set to continue to do so for the rest of 2016. We have broken monthly sales records at our Gloucester and Shepshed auction centres,” added James Davis, director of commercial vehicles at Manheim.
“We have an outstanding and committed commercial vehicles team within the business, who are all focused on delivering the highest levels of performance to our vendors and the greatest standards of service to our buyers. We look forward to breaking more records over the next six months!”