Even as the age of the average used van climbed by three months in December 2013, so too did their value, according to the latest statistics from UK remarketer Manheim.
The figures show that the average price of a light commercial vehicle reaching auction rose during 2013 to a high of £4,405 by December, which was a 5.5% increase on December 2012’s £4,179.
Go deeper with GlobalData
Vans have also reached an average age of 63 months when they are remarketed, and have around 1,200 extra miles on the clock compared to the same period in 2012.
Manheim said that this was due to the continuing shortage of good quality, low mileage vans at auction.
Car derived vans, such as the Volkswagen Caddy, saw a £668 rise in values for December 2013 but bucked the overall trend by covering fewer miles and being four months younger than in December 2012.
Small panel vans, which saw prices rise by £327, aged beyond the average in December, with seven extra months over the equivalent van last year, but had 2,500 less miles under the wheels.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataLarge panel vans were four months older than in December 2012 but average mileage remained the same with values rising by £679 in December 2013.
The December figure was below the highest value for 2013, which occurred in April with an average price of £4,417.
