The used van market is creaking with ageing stock as a result of companies holding onto stock for longer after the recession.<\/p>\n
New research from Manheim shows that for car derived vans, 43% of all car derived vans sold in Q1 2015 were over five years old compared to just 28% in 2010.<\/p>\n
And their average age had grown to 99 months compared to 84 months.<\/p>\n
But despite being older with higher mileages, vans are fetching higher prices because of vehicle shortages.<\/p>\n
Successive years of poor new van sales after the recession means there were, until recently, fewer used vans up for sale.<\/p>\n
In the first quarter of 2010, the average van was 54 months old and sold for \u00a34,048 at auction.<\/p>\n
Fast-forward five years and the average van was 66 months old and sold for \u00a34,432, a 9.5% increase.<\/p>\n
Manheim said the recession meant fleets and owner operators kept hold of their vehicle for longer.<\/p>\n
This week the SMMT launched a campaign to encourage van owners to improve the way they looked after their vehicle.\u00a0Most vans failed roadside safety tests, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"