Used Van Prices Climbing

Used vans achieved five-figure average selling prices for the fourth consecutive month in September, reaching record highs at Manheim auctions.

The Cox Automotive business recorded an average selling price of £10,930 in September, after last month’s previous record set at £10,554.

Both the average mileage and average age of vans sold at auction were the highest seen all year, indicating how competitive buyers are becoming for LCV stock as they clamour for typically older van profiles.

The average selling price in September represents a year-on-year growth of 30% and a pre-pandemic growth of 79%. The percentage of volume sold at auction was 12% higher than August’s results.