Used van sales grew by 35% year-on-year in 2015 to 116,235 units for members of the National Association of Motor Auctions (NAMA).
According to NAMA, buyers snapped up the increasing level of supply across all age ranges.
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The growth in NAMA member sales figures was more than double the growth recorded for new vans.
New van sales, which saw an all-time record of 371,830 registrations, increased by 15.6% year-on-year.
The association’s members saw a sharp rise in overall volumes coming to auction. The average age of stock on offer increased and there was a notable spike in stock in the 4- 6 years age range.
Louise Wallis, head of businesses development at NAMA, said: "The success of the new van market appears to have seen many franchised dealers focus their activity on the new – 2 year market. As a result, we have seen evidence that they have traded more older part-exchange vehicles, some of which they may have retailed in recent years. Similarly, more fleets opted to dispose of vehicles through NAMA members that they had run for longer periods during the economic downturn."
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By GlobalDataDecember data revealed a 5.7% fall in first time conversion from the same period in 2014. "It is too early to reflect that this is simply a seasonal issue," says Wallis.
