September 2021 marked the fourth consecutive month in which Manheim recorded a five-figure average selling price for a used pickup truck.
The company posted another record average sale price of £ 10,930, following last month’s previous record of £ 10,554. The record was 3.8% higher and £ 376 higher than September’s five-figure average.
Average mileage and average age of pickup trucks auctioned were the highest for the year, indicating how competitive buyers are becoming for LCV stock as they seek out generally older pickup truck profiles.
The average mileage of used vans increased by 5,841 miles to 79,356 miles. The average age of the September results was also the highest seen in 2021 at 63.5 months.
The average selling price today represents an annual growth of 30% and a pre-pandemic growth of 79%. The percentage of volume auctioned was 12% higher than the August results.
Matthew Davock, Director of Commercial Vehicles at Cox Automotive, said: “I was hoping the used van market would see signs of a recovery this month, but instead we had a sky-high price hike. average sales. While we welcome the current appetite for used vans, I think buyers are going to have to continue their strong appetite for buying stocks throughout the winter. The current situation will continue for some time.
The number of buyers improved in September compared to August, with 56% more buyers at the Manheim auctions.
The conversion for the first time in September remained in line with that of August, as eight out of ten vehicles were sold for the first time, exceeding the seasonal standard for light commercial vehicles.