Used van values stabilise for August

Van insurance policyholders might wish to take advantage of the relatively steady used commercial vehicle market which stabilised last month.

According to Manheim Remarketing, average used van values rose by 0.5 per cent to £3,869 in August. Compared to 12 months previous, market prices were 3.2 per cent lower (£130), while the average age was three months higher at 55 months old.

However, the car van vehicle type showed an increase of 3.1 per cent to £2,754, while overall year-on-year sold volumes went up by 14 per cent "demonstrating the underlying strength of the used van market", according to James Davis, general manager for commercial vehicles at Manheim Remarketing.

"A recent survey published by Manheim showed 65 per cent of buyers thought they would not have any issue sourcing stock for the remainder of the year," he added.

Mr Davis cautioned that the predicted wholesale van shortage is "likely to drive used values higher".

Commercial fleet operators should also benefit from a new transport analytic system recently launched by fuel company Shell. The data hub records fuel usage and mileage for company managers, enabling improved energy efficiency.

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