Commercial vehicle insurance customers see van prices rise

Commercial vehicle insurance policyholders saw the price of second-hand vans rise last month.

According to the latest report from automotive remarketing company Manheim Auctions, the average van sale price increased by 5.5 per cent to £2,676 during January.

The organisation claimed this was the first period of growth experienced in the commercial vehicle market since September 2008.

Commercial vehicle sales director at Manheim Alex Wright explained: “During January there was clear evidence that many dealers were buying for stock rather than just fulfilling orders and as a result auction values and conversion rates improved.”

British Car Auctions (BCA) recently stated that last year was the toughest 12 months for the used van market in a decade.

BCA’s Duncan Ward attributed this to a combination of hard economic times and an ebbing away of small business confidence in the automotive industry.

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