Manheim Remarketing has been explaining that the average wholesale used van value has increased by 2.6% from November 2010 to November 2011. This increase comes at a time when van sales have indeed been rising, and with it, now it has become evidential that the price has also increased.

Popularity Increasing

Commercial vehicles are proving more and more popular, and as we suggested in a previous blog post, that hopefully means more businesses are now making use of vans, which can only be positive at a time when the economy is in such a difficult state.

Director of Commercial Vehicles, at Manheim Remarketing, James Davis, has been quoted saying: “I have been saying for some time that the wholesale van market is robust and bucking the economic trends and here is further proof.” Yes indeed, and it is great news!

He went on to add: “No doubt the wholesale market is in its usual period of festive seasonality but it has been encouraging to see auction halls and Simulcast screens busy with active buyers throughout the country; albeit they are selective on high mileage, damaged and duplicate vehicles.”

Furthermore he stated: “The seasonal uplift for 4x4s is strong on the back of predictions of a long white winter ahead. We have not seen the usual influx of van de-fleet volume in Q4 so we should see a very brisk and buoyant January with conversion rates soaring and a very healthy start to the 2012 wholesale van market.” This all sounds very positive, and it is apparent that many families have been preparing for the winter by buying 4x4s in favour of smaller cars.

Bag a Bargain

In years gone by, the majority of buyers have chosen to wait until the New Year in order to purchase the van they want, whereas now it seems that this year it has been the exact opposite with higher numbers of people buying before the close of the year.

So during the festive and New Year period, commercial vehicle insurance companies are being kept very busy! Perhaps those hurrying to buy vans now are hoping to bag a bargain while they can, especially if prices for second hand commercial vans continue to rise!