Motor Industry News
June 2012 Used LCV Market Editorial
June is always a quiet month. This year we have other distractions to blame for the marketplace going quiet, but people will still need to buy something. Recent research shows that some garage traders are reporting that users are patching older vans up to get another 12 months’ use out of them.
The market is expected to remain quiet in June and July, but we are not dropping values drastically this month as they will, as always, come back sometime later in the summer. This month sees a seasonal reduction in values in the region of 1-2% across all models.
Fiesta is still about in numbers along with a selection of Corsa vans from a utility company. These are finding homes at the first time of asking. Retail demand for these is slow but dealers report that there is always a man for a small van.
Transit Connect has again got volume in the market. Dealers are able to pick and choose models and specification. Trend and Limited models remain the best bet. There are masses of Berlingo around and dealers are cherry picking the nice ones. Any black vans are being snapped up at Trade money, but Volkswagen Caddy SDi models are struggling to find buyers.
Hyundai iLoaders are starting to come through and the trade are happy to have a go with them. They are making Trade money even with high miles. Hi Ace is still experiencing high retail demand and there aren’t many available. Late model Transporters are struggling for buyers but a 5 year old one with sensible miles will have plenty of interest, even orange ones with 150.000 miles are achieving Ready to Retail values. Mileage doesn’t hold these vans back from buyers providing they are tidy.
Transit LWB models are coming through from various sources. Trend and Limited models in silver have great retail demand. Sprinter must be tidy on the body to get any interest. There are plenty of Movano MWB models around allowing the trade to pick and choose. New model LWB Masters are all achieving Trade values with the 125bhp engine proving the most popular. Any tidy chassis derivative will sell, but anything yellow and untidy has to be cheap to get any interest.
With the UK seeing some sunshine at last, a 4x4 is generally at the back of everyone’s mind, and the market has slowed accordingly.
VIPDATA is part of CDL Vehicle Information Services Ltd (CDL VIS) the vehicle data arm of CDL Group Holdings Ltd, based in Stockport, Cheshire. www.cdl.co.uk
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