Buyers attending Manheim van auctions online rose by 16% in June

The number of buyers attending Manheim auctions online rose by 16% in June, compared to May, according to a recent report from the firm.

The company — which is the UK’s largest commercial vehicle auctioneer — said that used van prices rose by 8.5% year-on-year to £5,121.98 in June, as volumes fell. Prices were also 1.5% higher than in May ’17, thanks to a 12% reduction in volumes.

The company expects a strong July and believes that summer 2017 could end up being the strongest on record. However, that company cautioned that “month on month volume levels are proving very difficult to predict”. The volume of vans sold during the second quarter of 2017 was 27% lower than during the first quarter — a big shift.

Early signs are promising for Q3, but I think it’s still too soon to say.