Higher volumes of poor condition low specification vans at auction are impacting on conversion rates. That’s the view of BCA which said vans needed to be realistically priced in order to sell. BCA head of commercial vehicles, Duncan Ward, said while values of vans appeared to be holding up this was due to younger, lower
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Auctions see higher volumes of low grade vans hitting market
Record month for Manheim as van values rise in July
Manheim saw record CV volumes in July, with a 45% increase in volume year-on-year, and average selling prices up 1.6% (£75) from June. Matthew Davock, head of LCV at Manheim, said: “July was a great month for Manheim CV vendors and buyers alike, with great stock both in-lane and online, with an increase in conversion
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Van shortages keep values at near record levels
Average values for vans remained at near record levels in September, according BCA’s latest Pulse report. The auction house said there was still a shortage of ready to retail vans in the market. The average van at BCA sold for £5,560 in September, the third highest monthly average value on record. Part-exchange LCV values improved
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