The used van market has had a robust begin to 2025, says Manheim Public sale Service.
There was an uplift throughout offered volumes, with a 21% enhance in volumes YoY, common offered value rising by £554 between February and March with 22% of inventory promoting above information value, and positivity with days to promote and first-time conversions.
Matthew Davock, director of Business Autos at Manheim UK, mentioned: “These traits are largely pushed by fleet and rental operators who’ve lowered the common age of fleet belongings.
“Whereas competitors for prime inventory continues to warmth up, the lower-cost automobiles provide a viable choice for tradespeople seeking to cut back their expenditure throughout robust financial situations.
“Overall, this reflects a robust quarter for the used van marketplace, with the industry now in a much better place in terms of price, demand and overall supply.”
The common age and mileage of used vans are additionally exhibiting indicators of enchancment in Q1. Bought used vans averaged 71 months (6 years) in age and 79,822 miles on common.
Solely 15.4% of inventory fell into the prime class (below 3 years outdated and 60,000 miles). The remaining 84.6% averaged 113,718 miles.
Prime inventory stays aggressive attributable to restricted availability, performing 6.8% above information worth costs. Nevertheless, demand for older automobiles is sustained attributable to its decrease common value level (£5,625).
There was a 62.6% enhance in electrical van arrivals throughout Manheim’s UK websites. These automobiles carry a mean mileage of 29,000 miles at round 3 years. Purchaser confidence held efficiency again with 88% of information values achieved and solely 4 in 10 vans promoting first time.
Davock mentioned: “The used electrical van sector, very like its shopper automobile counterpart, nonetheless faces vital roadblocks to bettering confidence.
“With much higher stock levels being defleeted across the industry, and over 2500 used electric vans being advised on retail publications today, more must be done to incentivise adoption and promote the consumer benefits of electric van ownership.”
