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