Used vans wholesale values fall

The average wholesale value of used vans has fallen byÊ10.7% from 2007 toÊ£3,263 this year, a market analysis has found.

The current number is down £389 from 2007, when the market was at its peak. 

However, the values increased 4% or £127 from 2006, the three-year market analysis for vans by Manheim showed.

The study found that only two van segments were doing better than their 2007 values - car vans and 4x4 commercials.

Alex Wright, Manheim's commercial vehicles sales director, said: "Prices should ease during the final quarter due to seasonality and we are also starting to see increases in average age and mileage.

"If this trend continues, due to contract extensions and deferred fleet replacement programmes, we will see the re-emergence of a two-tier marketplace with older, higher mileage and more damaged vans suffering a 'softening' in values with the more desirable sub-60,000 mile vehicles making strong money."

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